Overall the leadership list had a good week, up about 2%, but there weren't nay that made big gains.
HITK was the biggest gainer. This got hit hard twice (once on earnings, I don't know the reason for the second one) and has done nothing but go up since. It is now back above the 50dma and price relative is rising again. Last Friday (the blue arrows represent last Friday's candle) this looked like it was in the midst of a dead cat bounce, but as it turned out it was a lot stronger than that. This may be range bound for a while. That bottom pivot point is probably a lot stronger than it looks, and any retests there may be pretty good entry points.
BWLD was the second biggest gainer. This is also range bound but in an up trending channel. Last Friday it was right at the bottom of that channel, and got a bounce up. The bounce up looks a little weak to me, and it is up against a pivot point that seems to be throwing up resistance. The price relative line, in a word, sucks. It will take a catalyst to break out of this mess, and I believe it will be reporting soon.
QCOR was the biggest (of 2) decliners, but at less than 0.5% it wasn't much of a decline. this is also trying to find support after a big drop, and seems to have found it at the bottom of the October gap. The volume pattern is pretty bad here, with increasing volume on the way down. The price relative line isn't any better. This needs some more work.
FFIV was the second biggest decliner, losing a whopping 0.11 a share. This broke out a week ago, gapping up and trying to establish a new trading range. It briefly broke the support at the top of the gap, but quickly got back above it. This may be about as good an entry point as we are going to get.
The price relative line is not particularly strong, but at least it isn''t dropping the way it is on so many of the other leaders. This one got hammered pretty hard during the 2011 bear, but has come back quite strong.
