Same List as Yesterday Still Applies

Well, almost all apply. I wasn't thrilled with SOHU's movement. It broke out then reversed 2.8% for the day, below the buy point, very negative action. However, it could still right itself. I'd just look elsewhere for now.

RAX blew out of the starting gates and ran up 8.3% for the day. This puts it 5.5% above it's buy point. Ouch, that was fast. If you snagged it, good for you. You are looking solid. It could offer a second chance to buy if it pulls back, but it may just keep going. You had to be quick on this one as it bolted above the buy point at the opening bell.

I'm upset I missed this one. I didn't start looking at the market until 8:30, and RAX was further along than I felt comfortable buying, especially given my recent experiences buy stocks more than 3% past their buy points in the past rally attempt. So I'm a little gun shy at the moment. I want to stick these stocks as close to their buy points as possible to guarde against unwelcome surprises.

BIDU is still in buy range, although the day's action wasn't very strong.

CMG looks ready to shoot higher, keep an eye on this one. Chart is below. See how close we are to the most recent high, the left side of the base. I was tempted to buy this one today in anticipation of a break out, but that would break my (IBD's really) rules, so I held off.

NFLX is another stock itching to break out. Keep in mind this has had a long run and is in a late stage base. However, it has been a true market leader, so I expect it to go higher if the market does.