Trading mostly NASDAQ listed stocks, I am especially cautious with today's gap up on the index. Any stocks that do not close at the highs will be sold by EOD.
For now, I am not interested in any new positions. I would rather wait and see how the market reacts by the end of the day.
Dow Industrial and S&P indexes both looked strong to me today. I didn't notice an alarming gap. What did you see that I missed?
ReplyDelete-Chad.
The Nasdaq gapped up as did the S&P 500 (although not as bad). The DJIA is fine though. I am just being a little cautious as there may be profit taking before the market close.
ReplyDeleteI see what you mean. My positions closed alright today. I'll see how they act before the long weekend.
ReplyDeleteTake care,
Chad.