Nice Consolidation

The market consolidated yesterday's gains nicely. The Hi/Lo index stayed positive, and bond yields stayed flat, despite a solid jobs report.

In terms of stocks:

• MCRS extended its breakout
• HANS added to its monster run
• SNDK followed-thru on the downside (still looks weak)
• WFMI made a new high
• AAPL made a new high
• BRCM nearly made a new high
• LOGI gapped higher (exhaustion?)
• RACK broke out on high volume
• ADBE made a 5-year high
• and did you see PTRY yesterday?

How's that for a few trading ideas? I'll try to post a sentiment update over the weekend.

Thanks for reading--

-jordan

long MCRS; short SNDK