The market did a
nice job of holding on to yesterday's out-sized gains which was
definitely a win for the bulls. Leadership was in Gold followed by
semis and the general small cap sector. Breadth finished close to 2
1 positive and the action in the smaller earnings winners was once
again exceptional.
There is no question that the action we have seen the last two days
has been tremendous but it also is down right tiring. While the
portfolios continue to reach new highs, between the fast pace action
and earnings season it sure is demanding all of our energy to stay
on top of the action. With that said, there are still 2 more days in
this week and now that the action is hot and heavy it will be very
important to remain aggressive, nipping and tucking the portfolio,
not letting gains slip and booking profits accordingly. While the
action is strong there is one thing we know for sure, it wont last
forever.
Rest up tonight, well see you early tomorrow.
Have a good evening.
RevShark