The Dow continues its winning streak while the NASDAQ gets tripped up with a day of distribution. Small caps right along NASDAQ fell harder than large blue chip stocks. Volume was lower on the NYSE as NASDAQ jumped higher. The good news is we continue to trade in a tight range on the Russell 2000 and the NASDAQ 100. It could be worse with volatility skyrocketing. Tight trading is a good sign along with our new long signals. The downside here is we do have some indicators rolling over suggesting some weakness. For now, this trend remains intact and we are going to stick with our long signals. Stick with It and reap the rewards.
This commentary will be cut short tonight. We continue to get new long signals and this market remains tight. If we roll-over, we’ll continue to execute signals as they trigger and obey our trailing stops if the stocks fail to go in the desired direction. There is no need to be a hero here.
Have a great Wednesday!
