I am starting to take on long positions. However, I am most sure of a change in trend after it has persisted for five days. So I wade back into the market slowly and in stages. 150 stocks hit a new high on Monday, the most since May 3rd. 14 of them had good fundamentals and technicals: UNP, PRGO, ASPS, PETM, AMT, ROST, JBHT, DG, QCOR, CYBX, TJX, HSNI, ZUMZ, BGS. This monthly chart of BGS shows that it is breaking from a multi-month base. Click on chart to enlarge.
As is UNP: