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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Must-See Chart on a Strong Follow-Through Day With Decent Volume

Stocks in this article: BIDU CLVS FLEX GOOGL ILMN REGN SPY

NEW YORK (TheStreet) -- "Change is inevitable. Growth is optional." - John Maxwell

On Thursday we saw stocks continue to move. A few new ones we've been eyeing really took off from buy levels.

The indices began to move, with strong volume. There was superb action Thursday that we have been looking for and are taking advantage of.

We added more to Baidu (BIDU), Clovis Oncology (CLVS) and  Illumina (ILMN) Thursday and we're still holding Flextronics (FLEX), Regeneron Pharmaceuticals (REGN) and Google (GOOGL), while we started new positions in Amazon (AMZN) and Vipshop  (VIPS).
Regeneron isn't working great yet but not showing a loss either.

We should be able to hold these stocks for a few days at least, but we are still completing bases, so shorter swing trades are still what I see as the best way to maximize gains in this market.

I'm heavy in stocks now, but that can change quickly (just as I bought them quickly) on any sniff of trouble.

I have no qualms booking gains. The worst that can happen, aside from massive gaps lower, is I get stopped out for smaller gains or cost.

I really don't like having any more positions than this at once, so now it is about watching and managing these positions.

Let's check out the S&P 500 SPDR (SPY) index:

SPY broke my 193 most recent buy level Wednesday and has now accelerated higher on increasing volume, which is key. The 196 to 198 areas are now in play. We should rest and consolidate once we hit that area, but I have to see the action at those levels to know how to gauge what happens next.

All in all, a great day and we should see many more of these over the summer.

For more insight, I look at specific stocks in the members-only section of my site WizzenTrading.com. Real-Time members are seeing me take these trades at the right time and are with me on them!

>> Read More:

June 5 Premarket Briefing: 10 Things You Should Know

Markets Snap Back on Renewed Confidence in Homegrown Growth


At the time of publication, the author held positions in BIDU, CLVS, ILMN, FLEX, REGN, GOOGL, AMZN and VIPS.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

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