25 of 26 Closed Trades Profitable – see Video Below!
Other than the Russell 2000, of the four broader market indices that we review each week, all are grinding higher. Until proven otherwise, the assumption is that they are going to continue to do so with the Dow possibly heading to all-time highs (to join the Nasdaq).
The way that the NASDAQ 100 and the S&P 500 are moving higher with relatively narrow ranges each day that overlap each other, and many of the individual daily opens and closes in the same place, it’s a picture of a grinding self-correcting uptrend.
Sentiment remains near a bearish level and breath continues to deteriorate. That combination market internal gauges historically has led to corrections.
Below is a daily chart of Lululemon Athletica Inc. (LULU).
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