Very nice call Mike,
On the subject of group strength, I have an issue with MNST. Very poor group rank, looks like it is a lone wolf stock.
However, I did start a small position on the "Livermore" breakout through $100. The chart looks very good still but the LEV has been deteriorating since. Earnings are a couple of weeks away, but I will be quick to sell on a breach of the 20 day sma. I guess my question is, Would you interpret the LEV as distribution here, or just a consolidation of the breakout? I seem to find myself with some of the right names, but I have become "gunshy" a bit and am quick to sell.
Thanks
Matt