Yelp (YELP) has recovered nicely under the radar. With over 400 new highs today, YELP was in the same neighbourhood. The stock has been climbing nicely and the SCTR shows it being one of the top performers.
The breadth today was big with lots of stocks participating. There were over 400 net new highs today.
The market continues to rally and lots of the tech names are moving.
This month, Chartcon 2016 is coming to you via live stream broadcast! Rather than have customers spend all the money to travel to the event, we have arranged for all the technicians to gather in one location and broadcast from there, saving you thousands of dollars. It should be a fantastic couple of days with a tight synopsis of the markets from an award winning Technical Analyst crew. You can register for this event for under $200 and have access to the recordings. Chartcon 2016.
Good trading,
Greg Schnell, CMT, MFTA.
