A solid day of gains as we see immediate follow-through from Tuesday’s action. This is bullish action where a solid day sees immediate follow-through and should lead us to new all-time highs. Volume was mixed with NYSE exchange volume came in higher while NASDAQ volume eased a bit on the session. Crude oil neared $50 as it nears 100% gain in just about 4 months. Quite the move for the commodity. Our current trend is up and we are getting long signals. It is important to follow the trend and not fight it. If we are wrong we’ll simply cut our losses and move on. There is no need to overthink this market. We are in an uptrend and we’ll operate as such.
Tomorrow we’ll come back with a read on sentiment as well as tomorrow’s market action.
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Keep grinding.
