Good opportunites are meant to be traded!
Poorly timed entries and
nasty reversals can make any trader gun shy. So can missing out on a
big rally. Recently, the bulls have been at their business non-stop with the
pedal to the metal almost daily it seems. Of the past 6 sessions, 5 have been up
days. What if you missed the move?
With the NAZ 100 (NDX) hitting closing 52-week highs on Friday, we’re seeing the
market with potential for a significant breakout. While the Composite, S&P 500,
and Russell 2000 have yet to achieve such milestones, they may soon follow.
Bulls who missed this move will likely keep any dips shallow as they rush in to
buy stocks on any weakness. However, technical traders may be reluctant to get
long here given the virtual one-way market we’ve been seeing.
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