Just Listen to the Price Action

Once again, the market continues to levitate higher on very slow action. There are more than 425 new highs and breadth is excellent, but few signs of wild momentum. It is just a steady slog higher on the back of doubters and underinvested bulls.

My main message lately has been to stick with this action until there is reason not to, and that has been good advice. It is so easy to fall into the trap of trying to call tops because it seems like the smart thing to do. Obviously, only the naïve and uninformed would stay with this market when there are so many good reasons to worry. I've learned many times not to think too hard when the market is trending strongly....227 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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