As I began some stock scanning tonight I noticed FLEX appear. Well FLEX just ticked some longer term technicals metrics that make it a little more attractive. This isn’t a fast mover, but it has moved 14%+ since my post on Nov 28th. The longer term metrics are Price crossing the 90dma and price bouncing off the 200dma on the weekly chart. The weekly chart shows FLEX coming off a oversold situation, but it really doesn’t matter because a rising market floats all boats.

Only if I held all the stocks I find. The standout winner is CHTR at 137%. That sucker is going higher. ZIXI, which I’ve been day trading lately, is up 33% if just hung on.

The point is the market is still going higher. 2500 was taken out on the COMPX.

New daily record highs on the DOW.

SPX is roughly 100pts from making an all time new high. 100 point moves can often mark turning points. 100, 200, 300. We are roughly at 200pts up from the bottom made on July 16th. This move will likely total out to near or slightly above 300pts. Look for that to be a good chance of a turning point in the market. That doesn’t mean bear market, but it could mean a healthy pull back once we reach those all time high levels, before eventually taking them out.

Until then I’ll keep scanning for more stock candidates to trade in this next leg up.

Thanks for reading

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