Bulls Take over

The bears pressed down this morning, but by lunch time the bulls were in control of the markets. It is looking like there will be some follow through in the next few days. The Russell had a nice day today and on stronger volume too. The Nasdaq is starting to move out it's recent base again and if the Nasdaq and the Russell are in gear then the bulls should remain in control for the time being. Here are a few more charts that are looking bullish to me.


Mentor Graphics Corporation (Public, NASDAQ:MENT)
MENT has corrected a little recently, but may be finding support at the lower band here.


PeopleSupport, Inc. (Public, NASDAQ:PSPT)
PSPT just broke to all time highs and is pulling back to test the breakout area. It had a nice move today off the 50sma and could be ready to break back to new highs.


U.S. Global Investors, Inc. (Public, NASDAQ:GROW)
GROW had a nice quick bounce a few days ago and then pulled back sharply. The bears may be running out of steam here and GROW may be ready for a short squeeze to the upper band,


American Science & Engineering, Inc. (Public, NASDAQ:ASEI)
ASEI pulled back a little after releasing earnings, but has held above the recent pivot low. While it may be headed to the lower band it could just as well follow through after todays little hammer.



Good Luck,



DT