I have been yapping about this on Twitter, but the price action this morning in ASGN really has me intrigued.  This is an example of a stock that is currently trading in a “volume free” vacuum at all time highs.

What is to stop this stock from going higher?  If everyone who has ever owned a single share is making money, where does the resistance come from?  Is this a valuation thing?  I doubt it…when stocks get to this place they seem to eschew common sense and valuation metrics for euphoria.  Basically there is a extreme demand for something that is in limited supply.

A top priority of mine going forward is to devise a strategy for managing risk and trading these events.

Just look at this thing!

-EM

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