Buy Charts and a Look at Some Utilities

The Daytona 500 was rained out yesterday and is being run tonight. Clearly I will be a bit distracted so just a quick post that is chart heavy for tonight.

Market Operations
This morning's sell off just did not feel like it was going to stick and pretty soon after the open buyers stepped in. After things settled in this morning I opened up 3 new long positions.

WFM (Whole Foods Market)
I usually don't enter into names I see all over Twitter and other places, but the long term 2006 top for WFM is too interesting a spot not to try out here. Click any chart for larger view.:

CTCT (Constant Contact, Inc.)
I saw this one over in the 12631 trading room as worked up by ChessNwine. Tight basing after a breakout over $30, has some room to run higher:

CACI (CACI International Inc.)
I found this idea on a PPT screen. Great buyer interest and stock has moved past the $60 level here:

I still hold BANR but it's putting me to sleep and will cut soon if the stock fails to move.

A mix of names for this week.

When I was doing my screens I noticed a large number of utility stocks making up the accumulation list. Some of these names are seeing buying numbers that are even larger than during the height of the summer doldrums. A couple I found:
NEE

D

There were about 4-5 other names that looked the same in the same sector. This screen tends to show accumulation before price moves. Why are "safe" plays like utilities being bought more aggressive than any time since the summer? I am not sure, but it's worth watching the rest of the week.

Have a good night.

Quick Note

Way short on time after tax meeting with accountant. Just a few quick words.

5 Things You Need to Know - One You Already Did
In today's always excellent column "5 Things You Need to Know" by Kevin Depew of Minyanville, you may have already seen item number 5 if you read last nights post. Mr. Depew was kind enough to read an email I sent to him highlighting the hilarious Yahoo Finance misspelling I was able to capture with Snagit in the 20 or so seconds that it was posted before it was fixed. Very funny.

Thoughts and Prayers for the Bennet Sedacca Family
At first I was very excited that the Yahoo headline mistake was on Minyanville today. As I checked the site I was instantly saddened to learn that one of the authors for Minyanville, Bennet Sedacca had passed away. I have read Mr. Sedacca's writings for some time and he had a special ability to see the big picture clearly. He will be missed.

Please take a moment to say a prayer or form a well meaning thought for the Sedacca family tonight.

Have a good night.