Thursday, January 10, 2013


As pointed out yesterday, even though the market was up it showed a little weakness in the afternoon. Overall, I'm really liking the action this week.

The market was up big last week and needed to consolidate or pullback. So far it has decided to consolidate which means anyone long is preserving their gains. This is really important for 401k's that are unable to make trades very often.

If this continues for a few more days we should be in great shape to head even higher. As always things can turn on a dime so pay attention and be ready to act. I'll monitor the internal numbers throughout the day and post if I see anything change.

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