Performance Recap: US All-Time Highs from Nov/27/2009

From the chart below I see that most of the all-time highs from late November have gone sideways for two months. Technically there are more gainers than losers, but only four stocks are up more than 10% (NPK in the lead, up 26%, followed by EW, BCA and SXL). Three hard sell-offs, especially BCPC that has fallen almost all the way back to its 200 day moving average. From the indexes at the bottom of the chart you can see that IWM has been leading and GLD lagging. Nothing new here, it all just emphasizes the need to have a plan for entering and exiting a position that will enable you to hang on to winners and let go of the losers while the losses are small.