Derretir Hasta! Spanish for melt up. It’s our way of saying again what we suggested last week.
The tech heavy Nasdaq is leading the charge north, as the S&P and Dow follow closely toward new high territory. But you know that.
Solid, upside participation from the leading tech stocks in the market, aka our Leadership, makes it really difficult to want to step up and place bets short for the a correction at this time. All the shorts really have, in our opinion, is the fact that the market will eventually revert to its averages, as it always does.
You can’t put a time on when corrections will happen. Well, maybe a Fibonacci analyst or astrologer would. But that’s not the focus here.
For now, up is the path of least resistance, as far as Growth Stock land is considered.