This week in the market has been a good example of how much staying power momentum in a bull run can have. Even when it looked like we would finally see that big breakdown, dip-buyers refused to give up. If you think about it, that is perfectly logical given the success they have had throughout this year. And that psychology will persist until we see different outcomes. To be sure, the market continues to be increasingly selective in terms of breakout plays being permitted to hold their moves higher. In addition, we saw more “two-way” trading of shorts being permitted to work in select sectors and stocks.
Nonetheless, this resilient bull has cemented its reputation, yet again. So, how do you play it going forward?
I will delve into that issue, and much, much more–Including actionable trading ideas, educational material, and thorough market issue coverage with specific levels to watch–in my Weekly Strategy Session. The next Strategy Session is set to be published on Sunday.
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Have a great weekend, and I will see you there!
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