It may be true that we are up nearly 100 points, but in my opinion, the market looks terrible.
In the past I have used [[GOOG]] [[AAPL]] & [[XLF]] as a way to gauge the market, and as you can see, it does not look impressive. To me, the market looks unhealthy, and may be ready for another move lower.
It helps to have a few shorts.
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I use the DOW. Resistance at 12,500. All recent rallies try, but fail.
Instead of a few, you should have several short positions.
Look at HON-. H&S, little support at $57, broke that a few days ago. Neckline at $53. I’ve been avg. in, but when it breaks $53. I’m throwing down my vacation home.