Typically I give a few short trades, but with the market bouncing yesterday, and what that has indicated in the past, I figure we will probably see further upside before we see a significant pullback. If that doesn’t happen, and we start giving up the gains today or tomorrow that we made yesterday (i.e. fill yesterday’s gap), that could be a sign that things may begin to start rolling over. However, that is neither in the here nor now of today’s market, and what we got going on currently is a market that is unwavering and unrelenting.
Until that changes… “Stay Long, my friends”.
LONG: Walgreens (WAG) – Solid resistance forming and very close to breaking out.
