Leader Charts

Despite a pretty good overall gain (over 2%) on the leadership list, there really wasn't anything "leading" and most of the gains were pretty modest. HITK was the top gainer. Ladt Friday (I remembered we had a 4 day week, so I put the arrows int he right place), this was at just about as ideal an entry point as you can get, just above the 50dma. This is a short term trade only: had I bought last Friday (I didn't) I would be seriously thinking about getting out right about now. This is one of the "test tube" stocks I am tracking now (the other being PSMT): I am going to see what happens when a stock in a growth cycle takes a hit on earnings. This one has had a weak bounce, but has, at least for now, resumed the up trend. 
 

GPOR was the second biggest gainer. This is a case of  a stock in a down trend getting a bounce, and it is bouncing right into the 50dma, where it will very likely find resistance. This one appears to be base building, and it also appears that it will be doing it for quite a while.

QCOR was the biggest decliner. This has come right back down to the top of the gap, and area that is screaming "buy me!" It might well be worth an entry here, but I really am not thrilled with the volume pattern: almost all the high volume days lately have been down days. Still, this has done an outstanding job of holding support, and may just be headed for a retest of the top of the range.
 

PRGO waas the second biggest decliner, and basically a pretty mediocre to lousy chart. On the plus side it is at the 50dma; on the negative side the 50dma does not have a recent history of support. The price relative line is weak and getting weaker. I will be looking for better opportunities.