I am sorry dear readers, but I have no time for a proper post tonight. But here are a few thoughts. I see a lot of breakouts failing out there, so exercise some caution while trading. When in doubt, stay in cash. Staying in cash is also taking a position. As far as the picks go, I like NEP here. I blogged about it last night and it was up almost 10% at one time today. Congrats to all those who played it! It looks good to run some more. Also, I like SWC and PAL here. Both broke out today on impressive volume.
Good Luck and take care.