Solid look to this Nasdaq breakout. Take it all in, as a charge to new highs on a major index isn’t an everyday phenom.
Smooth sailing with multiple accumulation days with no heavy selling. The Volatility Index ($VIX) also has room to drift lower into complacency. But this is just the technical picture.
We’re not technical purists. Rather, we use the analysis as we would narrative for a story. There’s always a boogie man waiting to come in and wreck the scene, whether it be an earnings shake up, global catastrophe or one too many funds deciding it’s time to cash in.
There’s loads of quality companies with well bid stocks out there that we can take advantage of in this environment.