Welcome to the first trading day of the 2nd quarter, coming off the best performances by the U.S. stock market in the last 14 years. There are a lot of blogs stating how historically after a big 1st quarter, the full year performance tends to continue. And while that's certainly possible, it doesn't preclude weakness setting in for several months in the middle part of the year.
In my scans over the weekend, some "non-traditional" technical setups emerged, many of them having RSI positive divergences. These stocks have underperformed recently, so depending on how you look at it they could be ready for a move as money rotates into stocks that haven't done well. Or you could reason that they've done poorly because their business is suffering, and that more weakness is ahead.
All that said, buyer beware. And ALWAYS use stops to limit your losses if you dare to take a stab at one of the stocks listed below.
