Let the Market Run
I've maintained a bullish bias lately, but this market continues to exceed my expectations. Once again, it dipped early but the buyers stepped in and drove it straight back to new highs. They are still pushing as I write, and breadth has moved up to 3300 gainers to 2250 losers.
These sorts of V-shaped moves seem to be continuously fueled by short squeezes and underinvested bulls desperate for more exposure. While sentiment has been positive, there appears to be quite a bit of buying power on the sidelines. Being bullish hasn't necessarily translated into actual buying. I've been optimistic about the market but I still have too much idle cash. The more the market runs, the easier it is to stand aside and wait for entry points....151 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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