So I entered a few positions today, thanks to increasing volume on a few big leaders. First is ISRG, Intuitive Surgical. Their earnings release was excellent, and is up 9.8% today, with a 380% increase in volume. The buy point was $402.65. Second BJRI, which broke through a $49.06 buy point. Volume isn’t as high as I’d hoped, but earnings is coming up in a few days and I’m ready to sell it at 8% if need be. I drew the cup with handle pattern on all the charts. The arrow points to the buy point and I circled heavy volume when there. I’m also watching TSCO to break out, earnings tomorrow after the close. Additionally Intel (INTC) broke out today on huge volume. Click on the charts for a larger image.
The S&P 500 shows we're holding the 1200 level. Might go back and test that before going higher, or head lower. Recent heavy volume on the buying side is good for bulls though.
Intuitive Surgical (ISRG) broke out of a cup and handle base today on monster volume. Buy point around $403.
BJRI broke out of base today, not high volume though. Look for confirmation with earnings.
Intel (INTC) broke out of a very long-lasting channel today with huge volume.
Look for heavy volume on a breakout of TSCO, above buy point of $69.69.
