The markets have been rallying for several weeks now, with hardly any red candles. I think we are due for a pullback, but I've been thinking this for over a month and it hasn't happened yet. So there is no need to fight the trend and try to short this market for now. I have been playing fewer swings setups and have focused on day trades recently. Perhaps it's too early to be cautious, but I just can't wrap my head around getting all-in long here!
There were a lot of good-looking long setups this week, which might be a good sign since everything is setting nicely on the long side... but it could also be a bad sign, with everyone piling in the market: that's always when pullbacks happen...
Long: LOCK, COG, SIG, ALKS, CREE, AXAS, BHI, UPS, CZR, TASR, EGHT, BSMX, KERX, FRAN, MRCY, BIDU, TVL, CBG, EXPR, GDOT, HUN, LULU, MANT, MEOH, BBY.
Short: UNXL, ABX, FLO, OSTK, WPRT, FNSR, NTWK
Parabolics: RSOL, VNDA, NBG, RH, DANG, COCO, TRGT, ESI, BZH, SCTY, VRML, STMP
Good luck this week!