The market took a nap during the day after the morning rush. Now it is waking up and my take is that it will want to run up some more.
Get ready for some choo-choo train on the upside.
Or will I be wrong again?
All eyes is looking for SPY to take out the 135.54 high of the day.
Yeap, got some day trade position banking on this late day breakout move.
Good Hunting!
ps. BTW, I also added to my equity today since this morning.
Now, my position is:
37% 33% stocks (DDD SZYM SSYS THLD AUY WPRT REMX TQNT)
10% long-term equity
53% 57% cash
Below shows the after-effect. Needless to say, I banked all profits on my daytrade.
Just another day of catching the market lead among days of tripping over…
Nice Zen! AAPL now waking up late in the day, pushing for 610.
Full rout of shorts in progress.
Have a great weekend with your hardfought gains!
Thanks Schad… Enjoy your weekend as well.
Everyone on here and on twitter is getting all giddy after today. Next week will definitely be a time to get bearish.
We will see. Let’s the price action tell us where it is going.