02/11/11 Dave Landry's Newsletter-Indices and Most Sectors Remain in Solid Uptrends
Sent Friday, February 11, 2011
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Here is today's Market in a Minute:
http://www.tradingcommentary.com/mim/mim021111/mim021111.html
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Random Thoughts:
The indices dipped yesterday but reversed to close well and
slightly in the plus column.
So far, so good--this action keeps them in a longer-term uptrend and
near multi-year highs.
Most sectors also remain in solid uptrends and at or near new
highs.
Since the methodology requires a pullback, there really aren't a
lot of meaningful setups. Therefore, focus mostly on existing
positions---take profits/trail stops as offered and honor your
stops just in case.
Futures are soft pre-market (but I'm publishing a little early
today so that's subject to change).
Best of luck with your trading today!
Dave
Questions? Comments? Buy my new book, read it, then shoot me an
email at dave@davelandry.com or call me at(1) 985-898-4993.
Disclaimer:
All predictions are about the future. A lot of $#*! can happen
between now and then.
Information is provided for educational purposes only.
See more disclaimers at www.davelandry.com