[CANSLIM] CANSLIM.NET 5-28-2003

From: "Charles & Lois Layne" <lelayne@earthlink.net>
Subject: [CANSLIM] CANSLIM.NET 5-28-2003
Date: Thu, 29 May 2003 12:29:01 -0400

Next Article (by Date): [CANSLIM] Fw: Amateur Investors Daily Breakout Report "Gene Ricci"
Previous Article (by Date): Re: [CANSLIM] Mid Week Analysis Bill Triffet
Articles sorted by: [Date] [Author] [Subject]

I thought Mr. Taulman's comment on the current market's characteristics of
interest to CS fans.

Chuck Layne


CLOSING MARKET Commentary
Major Indices Holding onto Gains Stubbornly
By James Taulman, Managing Editor & the staff of  - CANSLIM.net News
On Wednesday the Dow Industrials closed up 11.77 points or +0.13% to
8,793.12, the bellwether S&P 500 Index ended up 1.74 points or +0.18%
closing at 953.22, and the Nasdaq Composite was up 6.55 points or +0.42%
closing at 1,563.24.  New York Stock Exchange trading volume decreased about
2% from the prior session total to 1.50 billion shares, with advancers
leading decliners 1,914 to 1,377 while there were 320 new 52-week highs and
7 new lows. Nasdaq trading volume increased 5% from the prior session total
to 2.03 billion shares with advancers leading decliners 1,900 to 1,352while
there were 285 new 52-week highs and 11 new lows.  There were 64 high-ranked
Leaders List stocks that traded to new 52-week highs and appeared on the
CANSLIM.net BreakOuts page....

An important characteristic of the market's latest rally is that it is
featuring more high-ranked leaders breaking out from bullish chart patterns.
For any rally to be sustainable there needs to be a steady supply of
emerging leaders with the right fundamental and technical qualities.   While
all companies stand to benefit from an improving economic environment, most
former leaders are still trying to work their way back up through a lot of
resistance.  It is wise to study and get more familiar with the leading
issues which are found among those stocks that are the first to be breaking
out to new highs at the start of a new rally.



- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.