- Posted by admin
- on February 7th, 2012
The bulls couldn’t ask for better price-action thus far as the market is refusing to pull-back and instead is constantly digesting thru time and then making a leg higher. We are at a sticky level– one we posted last week — the $SPY 134.8-135
Extended into a major resistance area but handling it well so far– the more we base near 135 the better the potential break-out will look. We’ve mentioned for a while that our favorite sector right now is the $XLE — good bases in this sector and not extended (compared to market). That’s the place we have been and will be focusing for near future.
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- Keep swimming but with an eye on the shore
- Make peace with not catching every move
- 21 days and counting
- Trade against it
- What’s your edge?
- Wait for it
- Keep Calm and Carry On
- Even if you don’t trade it, you have to watch it
- This is where we would buy AAPL
- No matter what your time-frame, be patient enough to trade against an edge