What bear market? Ten stocks making new highs

Then, there's the fundamental-lacking, hype-fueled, ultra-speculative alternative energy microcaps -- Converted Organics and Capstone Turbine -- the kinds of plays that made me wealthy before I could rent a car and the ones I feature regularly on my blog in posts like this. And, last but certainly not least, there are the outliers, AK Steel, which is benefiting from higher steel prices, and Gilead Sciences, which is basically the hottest drug company around.

So, the majority of these stocks have the major trends on their side. But what now? Well, first, don't bet that their runs are over. Strong stocks, especially those despite the bear market, often run further than anybody thinks possible. Second, if you're fortunate enough to be invested, draw some basic trendlines and hold until they break to the downside. Most importantly, recognize that the major trends helping these stocks aren't anything new--they've been present for quite some time. In the future, try to identify the major trends early and hop on, because it takes a while for everyone to catch on and the results to bear fruit.

Timothy Sykes writes the blog timothysykes.com, is a former hedge fund manager, star of the TV show Wall Street Warriors and author of the book, An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund