Accumulation Apparent (SPX, rated HOLD)

August 24, 2008

I have faced some very real personal difficulties over the past week. These have somewhat hobbled my ability to manage the index and blog as well as I would like. Still, even with these problems, I am managing to handily beat the S&P500 since the index’s inception.

Over the coming months I will undoubtedly face even more obstacles. My goal with the Glam 5 is to widely disseminate truths I have learned in my ten years of stock trading, and beat the S&P and NAZ . I feel my biggest advantage is the ability to move to cash in a flash, if the general market suddenly heads south.

The action of leading glamour names over the past week is viewed as a very bullish position. My long, new list of hyper growth names has finally appeared. Action in names like FSYS and IIVI are showing signs of blatant institutional accumulation. Though not yet included in the index, RIMM is building the right side of a potential base.

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