start of a new week and though we are over extended on the upside I am still banking on seeing new highs on the S&P. Traders don't car about the DOW because it is not a true reflection of the market so I am expecting the S&P to hit the new highs soon.
After that i would be looking at any exhaustive moves as a blow off top to spot some shorts but in the meantime I am long some CELG and ALTR here and nothing more in terms of stocks.
Folks we careful as the market is always trying to take from the 90% to distribute to the 10% so don't get caught up in what the 90% are saying but use that as a signal for caution.
Also watching AAPL to see if we make new lows after last week lows.
Monday, March 11, 2013
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