Another solid day in the market as we saw traders pile into stocks following-through on yesterday’s gains. Today was a good sign and certainly support for higher prices. Certainly, a little rest would do us some good. For now, the action we have seen is quite positive. Volume was mixed with the NASDAQ volume coming higher. It certainly has paid to stick with the trend and obeying our process. Today is just another reminder to us our process is sound. If we stay disciplined and obey our exits our risk will be contained. Now let’s see what the market has in store for us on Thursday.

The big story Thursday will certainly be big technology earnings. GOOGL has been pushing higher prior to its earnings release. MSFT has been building a handle as it too reports tomorrow after the close. These two technology giants will certainly have an impact on the NASDAQ after the market close and Thursday. We will remind you once again to know when your holdings report. Your capital is at risk and you must protect it at all costs.

All systems are a go for now. The only concern is such a low VIX. There is absolutely no fear in this market. Bulls continue to dominate sentiment readings. Despite the move in the market we have yet to see extreme levels of bullishness, but what we do see bulls remain steady at high levels. This is not to act on. However, it is a friendly reminder our exit strategy will protect us if this market is to turn lower. At this moment, we are long and strong this market with an eye on the exits if this market sours.

Enjoy Thursday’s trading!

Cut those losses short.