Regarding Breakouts

As I review the stocks and ETFs that are newly breaking out, I’m not only surprised at the numbers (178), but also by the number of “potential” breakouts (196). These are stocks that are within 5% or less of breaking out to a new recent high.

This might be a good sign that even though this rally seems extended, there are still stocks waiting in the wings to keep it going.

Some notables:

ETFs: China: FXI, TAO…..Financials: UYG, VFH, XLF…..Currencies: FXF, FXM….Banks: IAT, KBE, RKH