Glam 5 Index Turns Positive On Year

The Glam 5 Index has turned positive on the year, returning just over 5%.

Speculative growth leaders are running. The trading action of MasterCard (MA) and Sohu.com (SOHU) over the past sessions has been bullish, to say the least. Since inclusion in the index, their shares have returned 20% and 26% respectively.

Each has broken to new price highs on abnormally large volume. This action typifies what investors would expect of top growth companies during broad advances. Both companies have produced 25% plus EPS growth, 25% plus sales growth. Each has zero debt and 18% plus return on equity.

Three other names are currently included the index: First Solar (FSLR), Apple (AAPL) and Baidu.com (BIDU). Each matches the fundamental data set of MA and SOHU. Time will tell if these shares can also push significantly higher than their current consolidations.

The index has also incl...