Nice day to digest yesterday, and I would look for the same going into today. The market back in short term overbought so look for it to rest before pushing higher. Typical breakouts are not really sticking and don’t usually stick in a consolidation phase. Watch for breakouts that happen with a catalyst. That is something that is up on an earnings beat, news like an FDA approval, or just a hot sector running. These breakouts are what will stick and then run multiple times in a day.
{denvideo http://www.youtube.com/watch?v=oIf_8s25fiE}
