Strong Friday Trading Gives Hope to Bulls

Friday saw some nice follow through. Volume could have been better, but it was decently strong. Scans didn't return a spectacular number of new breakouts or strong chart patterns. On the other hand, scans did turn up a lot of stocks that appear to be continuing from where they left off when the most recent rally stalled a few weeks ago. Likewise, stocks that were trading near 52-week lows for the most part started to move above their 20-day averages in what is turning out to be a refusal to go lower. We don't know if this recent bullish progress has the gas to make a serious run, but we do know that we donät have the luxury of second guessing it. If it turns into a real really, then this is the beginning and saying could have, should have, would have after the fact is no way to make money in the market.