Hilton Hotels (HLT) finally broke above a base it has been building for a year. The new 52 week highs are important. The SCTR is breaking above 75 in concert with the breakout on the stock. The Relative Strength shown in purple is breaking out to new highs as well.
The volume has been above average almost every day since mid October. Volume was a little lighter during Thanksgiving week, but that is expected. The MACD appears to be cresting a little here, so you might get a chance for a lower entry. In general the markets posture has been very bullish as we climb a wall of worry on Europe, elections and retail shopping trends.
Greg Schnell, CMT, MFTA.