Take a picture, we’re looking at perfect breakouts on the major indexes. They don’t happen often. But more importantly, their attractiveness doesn’t really make them any better than any other new high.
Gotta like the high vol move. Gotta like the broad participation across sectors. We’re seeing leadership from tech. The Naz looks to hit an upward channel line soon. So, so much to like here. But don’t fall in love.
We’re staying with a dominant Neutral Bias based on recent distributions. But that doesn’t mean we can’t go swimming just cuz the sharks were out a few weeks ago.
Place your long bets, set your stops. Homebuilders look good. Look at those low rates folks. Go, go go.