The bulls are making another push higher and are once again pushing the first waves of resistance but as we have seen lately, it’s the close that matters.
There has been some geopolitical rhetoric this morning as the President is over in Switzerland trying to convince the world why the U.S. needs to strike Syria. Obama said he wasn’t the one that drew the red line and that it was all of us but we would rather focus on the technical picture than the political picture. While we do hope things end peacefully with Syria we cannot control on if there will be a strike or not but we can control our investments.
We are still trading “light” as we remain in the trading ranges and we have another Profit Alert today on a trade that banked our subscribers 200%. We also have a New Trade we are getting into so let’s get on it and a few comments on a trade on hold.
As we head to press, the Dow is up 80 points to 14,914 while the S&P 500 is higher by 11 points to 1,650. The Nasdaq is gaining 29 points and is at 3,641 while the Russell 2000 is advancing 7 points to 1,023.
Subscribers, check the Members Area for the updates and New Trade and stay locked-and-loaded as we could have a New Trade or 2 for our Weekly Wrap as well.