Mav and Shan are right here folks. Look at those futures. Asia opened down and the futures are not taking it on the chin. Look at those bonds. Something's up there for sure. While we may have a few more scares left in us, I think there's some opportunity right around the corner... I'm seeing that same strength in these U.S. consumer related names, and while it's been mentioned once or twice before, do you really think the avg Joe in your neighborhood isn't going to WMT, TGT, TJX, etc because of what's happening in Europe? Does your avg. neighbor know where Greece, Spain, or Italy is on a map, (ok maybe Italy because it's shaped like a boot, but you get the point)?
another ques to ask with that ,is ,does your neighbor have a job or is he living from unemployment check week to week,and when that runs out can he still afford walmart
So many stocks making new 52 week and all time highs today. The bio-tech space is absolutely on fire in case anyone is interested. Also the low end retailers.
Small 3 day pivot in the ES tomorrow, and it's the third day in a row where the pivot has gotten progressively smaller.
Mav, would you apply ACD (swing trades) to stocks making new highs? It just feels like stocks making new highs are trades that everyone can see.