Sunday, March 24, 2013

A Push To Another All Time High


As the Cyprus sideshow continues, the US market continues to hold onto its high ground. The SP500 continues to flirt with taking out the old all time high of 1565.15. From the market price actions, it appears to be a matter of time that the SP500 will hit its all time high level. Although the market breadth indicators are still in good shape, but the extended move the market has made without a pullback continue to cause traders to be cautious.

Here is a video reviewing the market indices and a look at some momentum stocks such as AAPL, GOOG, AMZN, DDD, NFLX.

Click here to view the video if you do not see a video player on your screen.



Disclosure: Long AAPL, short AMZN & DDD