S&P didn't make much move today but didn't have negative breadth day. Good sign is that it didn't loose yesterdays gain.
This is a overbought market and until I will see any negative market breadth, I will be buying good setups but not looking to buy big breakouts on top now. I know at this end most good setup will be at the top but they are risky in my book.
Overbought / obversold ration seems to be fine as well. Big caps stocks are again showing some weakness second day in row.
S&P still trading in the very strong trend lines and until it is broken with heavy negative breadth, I am going looking for long setups as they have been working out well for me.
Keep your stops tight and careful about the stocks you pick...... Main goal should be to preserve the profit
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