Longs extended their rally late last week overcoming some rather large hurdles, not the least of which was another hit on the Chinese market. This time the US markets ignored the Asian scare.
Options expiration may have helped the rally last longer and we are quite likely to see the enthusiasm wane a bit this week. However, and it’s a big however. We are finding good stock set ups here. When we find good set ups, we don’t second guess the market. At least not when the set ups are very good. We found a handful of very good set ups over the weekend.
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