Thursday, January 24, 2013

Markets Grinding Higher

Markets are grinding higher and higher everyday.  Many small caps have broken out and are extended now.  The breadth numbers I track are not in the extreme zone yet despite the markets making higher highs every day.  It appears as though the market might correct anytime now.  But, let the price action determine the next course of action.  At this point, if you are holding any longs tighten your stops and do not let the profits evaporate.

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