All in all, today was a healthy consolidation day. All of the whiners about this market have been regurgitating the same excuses for months on end: low volume, weak macro data, higher interest rates coming yada, yada, yada. I showed you a chart in my previous post that explains the drift higher on low volume is because we are in a vacuum. We have some upside left before I believe we see some tough supply. So, you have to ask yourself, am I a winner, or am I a whiner? Money never sleeps, buddy boy. There is still plenty of coin left to bank.
My top longs are $ETFC, $ZAGG, $HMA, $PSYS and $AIG. I do have cash and will look to put it to use. Here are my top setups for tomorrow.
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