Positive But Thin
On Thursday, the Nasdaq chopped around in a narrow range.
The good news is that once again it was able to close higher.
The S&P also put a few points on the board.
So what do we do? It‘s
important not to read too much into thin holiday trading. With that said, the
good news is that the indices continue to creep up and remain above key levels.
So look to nibble only on the long side until the major players return the
middle of next week. We should get a clearer picture of where the market is
headed then.
Looking to potential setups,
Mentor Graphs (MENT)
looks like it has the potential to rally out of a Trend Pivot Pullback.
Best of luck with your trading
on Friday!
Dave Landry
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