As far as I can see there has been no change in the markets posture. Every pull back has been a buying opportunity. On longer time frames like the weekly chart it seems as if that wont change anytime soon. The only catalyst I see that can cause the markets to digest this move is earning season. So I wouldn’t be adding new longs on companies right before they announce. I would rather wait & see the #’s & the markets reaction to take a position. The only thing to do is continue dancing to the beat until the music stops!
In other markets Oil has been exploding higher. Gold & Silver seem to have found a short term bottom.
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Michael J Zoitas
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