Wednesday, January 18, 2012

Daily Market Snapshot 01 18 2012





The market had a great day.


The market had a very good day on Wednesday. The high-tech sector led the charge. Semi-conductors really shined.







The S&P 500 grinds higher as volatility is contained.





I took the opportunity to take profits in some of our winners, as well as, adding a few new positions. We are in the upper region of the Bollinger Bands and the day count of the current up cycle has already surpassed the last couple up cycles.  The market is strong, but a pullback or at least a pause in the uptrend  is likely before long.


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