Another good day in the market.  Some people will look at the DJIA only up 2 points and ask how was this a good day.  Well, I do not judge the market on the DJIA and, I continue to see breakouts in the leading stocks.  The market is being lead by the NASDAQ, NASDAQ 100, and the Russell 2000.  It is very healthy for these indices to be leading.  Today was also a good day for commodities.  Oil, coal, gold, and the fertilizers were strong.  Most of my watch list that I composed in my Sunday post has moved higher.  Let’s take a look at today’s breakout.

(GMCR: 33.58 +2.37) had a nice breakout today on 2Xs average volume.  Here is what IBD had to say about the action.

Green Mountain Coffee Roasters (GMCR) jumped 5% in more than twice its average trade. The stock cleared an 88.75 buy point from a base-on-base pattern. Thanks to strong demand for its Keurig single-serve coffee brewers and packets, earnings grew by triple digits for three of the past four quarters.

I know my buy point was a little different than IBD, but you can see my thinking based on the chart above.

(NETL: 25.25 +0.34) moved well today.  I guess this stock is ready for the big-time.

Another chip stock, NetLogic Microsystems (NETL), rose 3% to an all-time high in more than twice its average trade. It cleared a five-week consolidation in early February.

(GLD: 122.71 +0.01) cleared some minor resistance and looks good right now.  It should also be noted that the gold miners ETF (GDX: 53.67 -0.28) closed above the 50 day moving average.  Right now, I like the metal better than the individual stock in the gold sector.

I am hoping for some rest/sideways movement so we can find more entry points in the leading stocks.

Happy hunting!