Rally Has Legs

Options expiration came and went with little event this month. The market ignored maximum pain values and trended hard, capturing new gains seven days in a row now. It’s hard to take a position when the market refuses to pull back. Don’t fear though; it will pull back when everyone sitting on the sidelines finally give up patience and cast in their lot. There are all kinds of ways to enter when the market is running like this without chasing. Breakouts will start to form. High consolidation patterns will develop and lagging sectors will start to perform once leading sectors start to take a breather. This rally looks to have legs.