Within the past week, the Retail Index, the Health Care Index, the Broker/Dealer Index and the Cyclical Index have all staged decisive breaks to all-time highs. Each group's breakout has been marked by consecutive higher closes, suggesting the broader markets remain on relatively firm footing. And while the Nasdaq did edge under its 50-day moving average on Monday - marking just the second such occurrence since mid-August - it did so on its lightest volume total this year!!!!! Barring a decisive break under that 2,375-to-2,390 area, the Nasdaq's primary uptrend should probably be given the benefit of the doubt. Take everything together, and the path of least resistance remains higher. Despite the Nasdaq's deeper-than-expected pullback, the broad-market backdrop remains bullish.... Find stocks that are about 1-2% from their all time high and buy those as soon as they make new highs. My picks: HLIT, INPC. I would buy it $0.25 above their previous high. I'll take my losses if HLIT goes below 6.50 and INPC goes below 9.