The Glam 5 Index suffered one of it's worst days since inception today, down 1.07%. Needless to say, I am unimpressed with the performance of the index's current holdings. First Solar ( FSLR ) may very well be sold tomorrow, I have let this stock get somewhat away from me. The general market and glamour names need another strong volume day to the upside to confirm this rally.
The action of the speculative glamour leadership is the best indicator of the health of the general market. Adding money to winners and cutting losers is how long term gains are achieved. To put out a "line" of top names and o bserve their trading action not only tells you what to continue buying, or what to cut losses in, it is a reliable looking glass into the health of the general market.
$1254.87 (08/05/08)
