Market Goes on a Green Streak...

Despite negative turmoil in the European markets (i.e. Greece), the U.S. stock market has held itself up quite well. So well in fact that we may have a longer run up that could extend itself into the month of May. This of course all depends on the VIX. Will we show support at the current low 16 level? If we crash through support, the answer to a sustainable rally until May is a resounding yes. If not, we may to pack up our long positions and cash in on a profitable two quarter stretch. A dip in the markets at this level would be extremely healthy and could indicate a strong rebound later on in the year, probably around September. The key is to be able to take the cue and either go to cash or begin taking short positions in stocks that are breaking down. For now, though, the real winners are the restaurant stocks. Speculative stocks are also doing well, indicating some trouble ahead. Lastly, low float, recent IPO China stocks are holding onto their gains, despite profit taking in some larger, higher float names.

Top Stocks: BEE, BGP, CIDM, COSI, CPWM, FCH, MMG, NANX, PCGR, PMI, RGDX, RNN, RPC, SMTX, SSN, SSY