Dave Landry

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Got Answers? 

Q: What are some simple ways to gauge trend? 
A: See pages 39-47. 

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Got Random Thoughts:

This market has been a bit of an Energizer Bunny lately. It
continues to breakout, pushing even further into overhead supply. 

The sector action remains very constructive. Retail continued to
break out and many other areas remain in uptrends. 

So, it's all good ya'll? Well, it's mostly good. The problem
is that the indices remain overbought and still have some overhead
supply to get though. So, remain selective and don't bet the farm.
If you're trading pullbacks, you're probably not seeing a lot
of setups anyway (since the market hasn't pulled back lately). 

The nature of the next correction could be telling. If the market
only has a minor pullback then goes back to blasting through
resistance, then we might just have a bona fide uptrend. If it
rolls over then obviously, we don't.

As usual, take things one day at a time.

So far, so good.  

Futures are flat to soft pre-market.    

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. 
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