Hello Everyone,
Quick Notes: Narrow range day for the major indices with SPX/QQQ closing fractionally lower while IWM closed up slightly. The Bulls still have the ball so we will see if they can extend further. Multiple counts nearing completion with some looking for one more new high. As always, it's best to respect the trend until evidence changes (key support levels broken) but certainly not a time to get complacent. One thing to monitor here is if there is some rotation into small caps (or not) after an extended period of consolidation. Most importantly, develop a plan and then simply execute in accordance.
Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night. Consider making a fresh top 10-12 setups each night and put on front page along with existing trades. My advice is to keep your total ideas to a manageable number. Lastly, it's best to wait at times for valid setups to form - sometimes less is more.
Please take a moment to look at the trade ideas.
