We saw a positive session today on Wall Street, but it wasn't a perfect session. Stocks started higher but really couldn't get much momentum going and around 1:00, stocks gave most of their gains away in about one hour before bouncing back into the close. Volume appears to be lower.
Overall, today was a little "iffy" just because after the intraday pullbacks we saw the past two sessions, I expected a bit more from the bulls. That doesn't mean it's time to panic or anything like that - the trend is still up and positive. I did see a few individual charts that I didn't like the action in today (DECK, MOTR, PWER) but at the same time, MBI was up 11% and RAX was up 6% (both shown in the weekend video) so it wasn't all bad. My four long positions remain intact and I continue to look for other positions as they present themselves. I am actually looking at a stock right now after-hours based on earnings news but I have to decide if buying the gap is worth it.
That's it for today - overall, the trend remains up and staying patient remains key. Not too many warning signs but I will let you know if they pop up. Good luck Wednesday.