Longs are taunting bears, INTC been up 16 of 17 days, Nasdaq BOP (balance of power on tc2k5) is green for two days in a row always a negative for this index, perma bears that have missed this move are now buying, and, after all those reversals in the indexes closing at the high of the days, the markets closed very weak in the last hour today.
What does this mean. I don't know. But I will guess that it is time to take a breather. We are up very nicely since the April/May lows and stocks look overheated, so a breather would be welcomed here. But, then again, overbought markets can become more overbought as momentum is a crazy beast. A market this strong will have a lot of buyers ready to put cash to work at good entry points.
Swing Longs: RADS ANTP FMX RGCI SNS
Swing Longs I have already mentioned giving another buy point: CLHB KYPH NRPH RIMG ENG
Aloha
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