It’s been a solid morning so far for stocks as we continue to chug along on the value train mountain ride. The question is are we about to begin a descent ala Thunder Mountain or will the engines continue to power higher using banks and Apple as fuel?
The morning offered me one setup that earned a single ES point. I’ll take it to start the week. The primary feature of the morning was a solid five handle rotation higher that buoyed many stocks along with it. It filled the gap and now we’re watching the market consolidate so far above value.
It will be interesting to see if the market can hold onto this strength through the lunch hours.
I took some profits in YELP and BBRY this morning but still hold 2/3 positions in each.
I started a new long in ANGI, again. Third time is perhaps the charm?Comments »