The US dollar fell which helped send a slew of dollar denominated assets higher on Monday.  Volume totals on the NYSE and on the Nasdaq exchange were reported lower compared to Friday's totals while advancers led decliners by about a 2-to-1 ratio on the NYSE and by about a 3-to-2 ratio on the Nasdaq exchanges. There were 31 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, higher than the 17 issues that appeared on the prior session. New 52-week highs outnumbered new lows on both exchanges yet again.

The government said consumer spending rose in February for a fifth consecutive month while personal income levels held steady. The Labor Department is slated to release February's jobs report this Friday even though the stock market will be closed in observance of Good Friday. Many pundits believe that Friday's report will show the largest monthly increase in payrolls in three years, which may bode well for the economic recovery. Elsewhere, the European Union said business and consumer confidence rose, which were welcome signs.

The US dollar's weakness, in turn, sent a slew of stocks and commodities higher. Oil enjoyed its largest single-day advance in 5 weeks. Crude oil for May delivery jumped nearly +3% to $82.18 a barrel in New York. Meanwhile, Copper rose nearly +4% and hit a fresh 11- week high, and gold and silver both advanced. 

The fact that there have only been two distribution days since the follow-though-day (FTD) bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to proactively be buying high quality breakouts meeting the investment system guidelines. Trade accordingly.

Charts courtesy www.stockcharts.com

PICTURED: The Healthcare Index ($HMO +1.43%) chart resembles a cup-with-handle pattern.

Ezcorp Inc (EZPW +$0.30 or +1.43% to $21.22) is a high-ranked Finance - Consumer/Commercial Loans firm that is now quietly consolidating well above its 50-day moving average (DMA) line and its recent chart low ($19.73 on 3/16/10) which define near-term support above prior chart highs.  It is extended from its latest sound base of support. As previously noted, "Since it managed to top its 2008 all-time high, no resistance remains due to overhead supply, but disciplined investors avoid chasing extended stocks trading more than +5% above prior chart highs." 

EZPW was featured in yellow with new pivot point and may buy levels noted in the 2/19/10 mid-day report (read here). It followed a negative reversal on 2/19/10 with a considerable gain on the very next session (2/22/10) with twice average volume triggering a technical buy signal.  By the evening of 2/24/10 its color code was changed to green as it had rallied above its "max buy" level.  This previously featured stock was dropped from the Featured Stocks list on 10/09/08, yet it continued to show strong sales and earnings growth (solid fundamentals). Earnings per share increases have shown acceleration along with greater than +25% sales revenues increases in the latest quarterly comparisons (good C criteria) versus the year earlier, and a great annual earnings history (good A criteria).  

Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.