MLR - PMP 4/13/15

Published : April 13 2015 at 8:31 ET

Major averages rose Friday on lower volume marking the NASDAQ Composite's third attempt to definitively break above 5000. While the number of distribution days remains large, leading stocks have been looking increasingly constructive in their patterns as the number of actionable names we have emailed to members has been evident over the past week. Still, due to the unconvincing upside volume, some additional backing and filling would not come as a surprise. But some leading stocks can go their own way, regardless of the direction of the major averages.

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