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Be cautious today as the action yesterday was primarily in the financials. Net of the financials the market still looks tired and over extended.
We may have some nice short set ups in the coming days and weeks so be ready. I can’t emphasize enough the importance of taking gains when you get them in this market, and WATCH earnings, I hate to see you lose a big profit because a company is shy a penny on earnings and take it all away.
As you know I notify you on twitter when I make a post here, from now on I will prefix or end it with the word “sub.” for subscriber so you know it is a premium post.
Jobless claims just came in. -34,000 to 601,000