By: Scott Redler
Now all we need is some volume. The market is resolving this wedge to the upside. We are trying to close above 1,110-1,115–if not today, then this week.
Gold is working well from my Thursday morning note. I hope some of you were able to buy. I bought Amazon (AMZN) today at $119.60 we’re looking at $124-125 as the next stop. I nibbled in Research in Motion (RIMM) in anticipation of a breakout into the gap above $72.
Today the banks are taking a rest–watch Goldman Sachs (GS) in this area.
My three amigos below are ALL at new highs:
Cree (CREE), VMWare (VMW) and Intuitive Surgical (ISRG) are all at New Year Highs. A month ago, I stated that these will all make it there at some point. At the time, I was not sure that it would be within a month.
