| Weekly Trend: | Up |
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| Daily Trend: | Up |
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| Daily Momentum: | ___ | Up |
An up day to be sure, but an overly convincing one, although we did most of our upside yesterday. Many stocks gapped open on the US lead but dropped back intra day, which is quite usual. The bulls are chomping at the bit. Those stocks that did close weak were mainly on low volume and low volume strength is not something to be overly joyed about. That said today strength enables us to get our stops to breakeven on current long positions. The broader market remains in its holding pattern below 4600. We’ll be looking closer at that and the major sectors in tonights chart reviews, but until 4600 breaks we need to be vigilante of a bull trap. Interestingly enough the Growth Portfolio is starting to offer up buy signals on some of the large cap leaders which is something a little more broad based than many of the lower cap. energy and miners.
Note: We’re about to start adding in futures and FX setups within the Global Power Setups area (formally US Power Setups).
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