Not a strong day today for the market but I am not overly concerned by that at this point.
I mean, for Pete’s sake, the S&P 500 is up 5 out of the last 6 days and 7 out of the last 10. At some point it has to take a breather.
During this time we haven’t seen any massive market rallies, particularly on a multi-day basis. So there is not major concerns right now that the market is overheating either.
As a result, I am remaining long on this market and looking to hold all my positions into tomorrow, unless something dramatic happens in the afternoon session of trading.
Here’s my bullish list of trade setups for the week:
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