A solid session as small caps stock lead the overall market higher. Nasdaq volume was higher on the session with NYSE volume falling just short of Monday’s level. We continue to see positive action from this market, yet we still do not see any blow off type moves. Sure, there have been plenty of stocks popping off from an intraday point of view. We are talking big exponential moves where leading stocks make tremendous gains. Steady as she goes with this uptrend. No need to over complicate matters as many will try to do. Keep it simple and do not try and force trades. Stick with the trend.

Looking back at 2016 it has been an interesting year. January and the start of February were very tough for those long the market. Then, we saw the most incredible rally off the lows. Many missed the opportunity because their opinion of the market was not favorable. Unfortunately for them they missed out an incredible opportunity because of an opinion. The moral of the story and this year is you simply need to be ready for anything.

Keep it simple and stick to the process.

Print Friendly, PDF & Email

Related Posts