Wait For This, And Then Look To Get Aggressive
On Wednesday, the Nasdaq initially traded sideways but
began to rally by mid-day. Then, after consolidating for much of the afternoon,
the rally resumed (and accelerated) going into the close. This action has it
closing well and puts it at the top of its recent trading range.Â
The S&P chopped sideways to lower in early trading but
reversed to rally like the Nasdaq. This action puts it just above its recent
trading range.Â
So what do we do? There’s not much to say
tonight. The market speaks for itself. It now appears to be in breakout mode. Halleluiah!
Hopefully, it’ll continue to follow though–getting out of this blasted trading
range. And if it does, we will look to get aggressive on the first pullback.
Until then, wait optimistically.
No setups tonight. Â
 Best of luck with your trading on Thursday!
Dave Landry
P.S. Reminder: Protective stops on every trade!
P.P.S. My new 20-hour course is now shipping.
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