“The difference between ordinary and extraordinary is that little extra.” ~Jimmy Johnson
A bit of a strange day with a lot of weakness in many stocks, especially oil related stocks, and markets also fell back some.
Luckily, our stocks are holding up and doing very well, especially Regeneron Pharmaceuticals Inc (NASDAQ:REGN) and Celgene Corporation (NASDAQ:CELG) and I’ve got my eye on a couple more.
Things still do look fine, but I’ve said the same thing many times this year only to see stocks just meander around.
It has been a tricky year and so far, remains so.
That said, we are grabbing gains when we can and we saw some decent ones today, although they are still only paper gains.
S&P 500 remains in this channel and fine so support at 206 could, be a starting buy area while a breakout above 208 is the main buy level.
I’d like to see us break above 208 within a couple days or we do risk not breaking out.
Select stocks are doing well though and that remains our focus unless markets break down.