Random Thoughts
The Ps eked out a small gain–enough to keep them at multi-month highs. Ideally, I’d like to see them accelerate to multi-year highs but I’m not complaining.
The Nasdaq was off slightly. This action puts it just below multi-year highs.
The indices remain in nice persistent uptrends.
So, what do we do? Since the market really hasn’t pulled back yet, I’m still not seeing a lot of new setups. Therefore, manage what have. Take partial profits as offered and wait for the next cycle (pullback) to add back or get long if you’re not already long.
Futures are flat to firm pre-market.
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Best of luck with your trading today!
Dave
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Expert swing trader Dave Landry comments on the charts for the major markets, indexes and sectors for the upcoming trading day in his daily one-minute video.
Make sure your sound is turned up. A new browser window will open and the video will begin playing within a few seconds.
Click here to watch today’s Market in a Minute.
You can contact Dave Landry by email at dave@davelandry.com or visit his website DaveLandry.com
