Monday, April 23, 2007

IBD100 Stealth Rally

While the broader market is flat today, the IBD100 is under serious accumulation and up over 1%. Amazingly, over 50 stocks on the IBD100 are breaking out of some type of consolidation, and 32 of those are printing record highs. That's a big number of new highs on a flat market day.

Obviously there are no guarantees, but historically these types of IBD100 stealth rallies have been bullish for the broader market.

They certainly were in March.



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