Another solid day for stocks who should continue to trend higher.
I covered my final short today in Tesla Motors Inc (NASDAQ:TSLA) for a little gain and now I am only long of stocks and looking to buy some more, but I’m not at all heavy at the moment.
I think I’ll be a bit light in stocks until we see SPDR S&P 500 (NYSE:SPY) explode into new all-time highs on heavy volume, or of course, if we turn lower.
I’m just waiting for some special trades to come to me and they don’t look too far away.
Good stuff from SPY who did print a small Doji bar which may mean a change in direction but we need a lower close tomorrow to confirm that.
If we do move a bit lower I’m not expecting too much retracement, rather consolidation to build the power for a fierce move higher in the weeks ahead.