$SPY holding well the 142 level. The names I mentioned to have popped and giving some back, came all back to intra-day break out level, showing that this may not be the end of all this run. Still, I need to see 142.21 breached and enough volume to stay above it, otherwise We may be close to a short term top.
One other thing that I want to mention is to never give too much credit to analysts and talking heads that come on TV. If one have been listening to them the whole week, that person probably lost one of the best rally weeks in their trading career.
Remember those people are there to defend their interest, they will say everything and anything to make you confused. I personally have not watched CNBC for at least one year.
I personally missed the rally because I ended up focusing too much on resistance level, and little on all the break out levels that were being presented one after another. I made a mistake, prevented myself trading, but never to go back, and re-analyse my charts, and hopefully never to miss another great opportunity. In trading we learn and grow everyday.
May you all enjoy your weekend.
