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first hour has been constructive and includes a healthy broad advance of names.
It has been a long time since the market did not follow AAPL's lead. The NASDAQ will probably end up being the
lagging index. The universe of stocks
we're following (Growth 250) is right on target. Don't chase extended stocks
and make sure your entry points are precise on the stock chart.
President, MarketSmith Incorporated
Follow Scott O'Neil at Twitter.com/WScottOneil
Overall, the market still looks constructive today, but the air pocket we hit on the S&P500 1500 today is a good reminder not to plunge.Those that plowed on the strength this morning probably aren’t immediately profitable on those positions. Remember to wade in and wade out.
Thanks Scott! I was hoping to wade a bit further into the water this morning, but with the distribution count where it is, I expect it will be more of a "wait and see" kind of day. Futures seem poositive for the open though. Brad
I am seeing gains in almost all positions I have taken, so am confused by the mixed messages I'm hearing here. Should I just focus on the positions that I own and continue to wade in as those make headway, or focus on the indexes? Some of my positions include RAX, KKD, CVLT, SODA, LNKD, LL and others, all of which are making progress
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