With promising action underneath the surface, we were making plenty of moves inside the 12631 state of the art chat room (referred to as the “Pelican Room”) today. To be sure, there are probably more reasons than I could list here to be cautious or outright bearish on the market, in terms of seasonality, macro figures, looming monetary and fiscal events, etc.. And yet, none of those reasons amount to much when we see more and more stocks acting constructively and making valiant attempts at strong breakouts.
There are never any guarantees in the market, but if you are a swing trader then there is no substitute for blocking out emotions and extraneous noise and focusing on what the market is actually doing. Over the past few years, we have developed 12631 to accomplish just that, creating a highly conducive atmosphere for traders.
Let’s see if the bulls can keep being the comeback kids.
More on my video market recap after the bell.