Right now, we’re pressing against the 1400 level in the S&P and there’s only space to about $140.50 in the SPY. The oscillator is still at a level were we could move higher, but I don’t think now is a good time to initiate new long positions across the board. Look for names that reported the best or worst earnings, and wait three to seven days for the stock to establish a new base to trade…
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