Off the Charts
This is why we stated last night, "Never short a dull market." The market broke out of its base today and extended higher. This market is on the move, as it posted one of its best days in two weeks. The Nasdaq led the way higher as it closed the day up 1.04%, but the Dow and S&P 500 both posted solid gains as well.
Also last night, we stated that charts continue to look constructive as they form new bases. A lot of stocks broke of their bases today, igniting a new move higher in the indices. The S&P is a stone's throw away from 52-week highs of 1422 and looks poised to make new highs in the next few sessions. Although this market is on the move, it's hard to initiate new buys after the breakout today. Look to get involved on a pullback. This market is in an uptrend, as highlighted many times before. The trend is your friend -- don't fight it....675 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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