A strong list of bullish names in last week’s watchlist helped drive the market higher, although at a mixed rate with some stocks holding their gains, others giving them back after breaking out. We continue with a bullish bias and will be looking at these names in the week ahead.
BMI & MSCC ended the week lower and GHDX is forming a good entry point here. We are also adding BKC to our short list for the week. Keeping in mind these shorts are essentially hedges for our bull positions.