PPR - 3 pocket pivots
EXPE - Provides online travel services. Classic base breakout coinciding with pocket pivot. Overall rating 88.
BIIB - Biotech leader Biogen (BIIB) has been showing recent pocket pivot action. Industry group rank is 2nd out of 202, overall rating is 98.
PCLN - Former leader Priceline.com is reasserting itself as it potentially finishes out its 9 month basing pattern. It just broke through both its 50dma and 200dma. Earnings and sales are accelerating, institutional sponsorship is growing, and overall rating is 93.
The market has had its longest upside run on lower volume up until yesterday. Leading stocks continued to lag up until the last couple of days where there has been observed a reawakening. This is likely to push the Market Direction Model into a buy signal. We will keep members posted. That said, any bad news out of Europe could take the market back down, repeating the trendlessness observed throughout 2011.
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