When a market is trading like this one, there are day trades in invidual stocks that can work based strictly on momentum. I dabbled in TONS early to make a few bucks as AKS provided a sympathy trade. Right now I'm working a trade in BBBB which is breaking out and has the momentum move taking place. This is not something I do a lot of as I'm not the best momentum trader around by far, but when a market acts this well, with the backdrop that we have in place right now, these trades, if you catch them soon enough, can provide a nice little return to your portfolio.
The general market made it's push already and that push likely sets up another one into the close. I actually expected it to be a little more choppy today but it really has been a continuation of the slow melt up other than the early weak opening. What can you say ... when things are good they are good just as when they are bad, they are really bad.
The general market made it's push already and that push likely sets up another one into the close. I actually expected it to be a little more choppy today but it really has been a continuation of the slow melt up other than the early weak opening. What can you say ... when things are good they are good just as when they are bad, they are really bad.
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