Podcast: The chip stocks are now extremely overbought, so good stock picking is still critical

In this week's episode, Mary and I discuss how this extremely narrow the stock market continues to be, but that if we continue to makes some great picks (like I have over the past two months), one can still make money some nice profits..........HOWEVER, we also have to be very careful about betting on a broad rebound. Also, we like stocks that have been beaten down...and are just beginning to breakout...over the ones that have seen huge runs over the past month or two. (The chip stock index is now just as overbought as it was at the March 2000 high.).........We also discuss a new group with is on the cusp of a breakout, BUT that we need to see it break a key level before we jump on the train.