More Bullish Equities...

Briefly, I am intrigued by the ascending 9-, 13-, and 20-week moving averages illustrated by S, CHUX, BSX, and YHOO. Additionally, PLA, BVF, and HOTT - all previously identified using my system - have continued strength.

GM a Strong Buy

With GM retesting the $1.60 area (again) I see it as a terrific opportunity to start accumulating shares. This is predicated on the fact that previous overhead MACD resistance since the beginning of 2008 is now support, the paramount signal of my system.

Update

With the previously named equities trending higher - especially CRR - I've had to look hard for opportunities. Ended up buying the June $5 SGEN calls for $3.90 with the underlying equity trading for $8.75. A 15 cent premium with a strong buy signal seemed to offer compelling risk/reward as it tested the recent $8.75 support. We'll see.
On a different note, another equity I'd place in the category of "Wish I'd bought some... I should buy some... Every time I look it's higher and higher..." is GMCR. Starting following it around 5 years ago when it traded near $30 before the 3:1 split. (At the same time CLH, another in this category, was trading at $7). My only going concern is whether it is genuinely a $1.25B company. Not as compelling as a $250M market cap... with DF and SJM currently at $3B and $4.5B, respectively.
Lastly, I like ABAX on this pullback. Too high a premium for an options play, but a solid health tech growth opportunity nonetheless.
Until next time...

Cautious Optimism

Still think the market is overbought. Have my eyes on the following companies (targets):
BVF (10.25)
CHTT (How low will it go? Reminds me of UST before it was bought by MO)
CRR (28; buy signal still strong)
HRB (retesting 15)
KR (retest 19.50)
Q (moving avergages moving higher)
SRCL (below 46?)
WMT (below 48?)
Waiting for a downdraft...

Roll 'em Up!

... in the immortal words of Clark W. Griswold. Quickly, I sold my CRR calls last week for a 25+% gain. Tripled my money in the last month. In scanning for new opportunities yesterday, I COUDN'T FIND ONE SINGLE EQUITY TO TRADE! In cash until such an opportunity arises. Long gold as well.