The market today has done nothing more than languish around break-even. However, after monitoring the market internals, the more I believe this market is going to see another run – maybe it doesn’t break that descending trend-line as previous discussed (see my article on the S&P 500) but I do think we’ll a a pop of at least 1% in the coming days. The bears seem to waiting for such a pop before they try once again to short this market.
So, while we wait for this ‘bounce’, I thought I’d supply you with some breakout plays that I find appealing to me. One of them, I just put a position on with – Family Dollar (FDO) which has held of very well of late and should continue to do so if the market sees further weakness – a huge plus.
Here’s My Bullish Trade Setups.
