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Zacks #1 Stocks on the Move 04/17/2014

Company Name Symbol %Change
DIXIE GROUP DXYN
7.90%
GLOBAL EAGLE ENT
6.72%
AGENUS INC AGEN
5.81%
TAOMEE HOLDI TAOM
5.22%
BOFL HOLDING BOFI
4.97%

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ZACKS
Confusion = Consolidation

In my last commentary, I shared with you why we are in the midst of a consolidation period. That is because investors are confused by the conflicting news flow.

The US looks great vs. the rest of the world stinks.

This was on full display in Monday's action as stocks bolted higher to 1564.91 in the morning before ending the session in the red. I still think we will break out of this range and make our way to 1600 before a real correction takes hold. That means traders should use dips as a buying opportunity for the next leg higher.

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