The market rarely makes it easy to put on a short trade. Through several sessions of mostly sideways action traders finally got some downside action over the past week. But Wednesday’s strong upside day now has the Dow and Transportation indexes poised for new highs.
Market wisdom has kept our Buyer’s Edge bias intact. We still see plenty of room for a pullback/correction to take place in the next week or two. Though we just may see some new highs pegged very soon.