Home Stocks Trading Advantage Stocks – Another Macro Lift

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The markets made another move to record highs yesterday. While the markets struggled for gains early on in the session, that was not the case once we bottomed out. The markets continued to climb without much slowing it down. Stocks were responsive to the macro lift and we saw a lot of the big names stocks close near the highs of the day. It wasn’t a day without struggle for some major names. However, the broad markets continued their push for historical levels. AAPL is a name that has broken out at the all time high price.as with a lot of DJI names along with other tech names out there. All in all, records are made to be broken. Lately this has been a daily occurrence. I have seen some weakness in the markets as buyers have been taking risk off at these levels. That only means we’re due for a nice and extended down down. I welcome such a day as it would allow traders to buy the dip and race back to the highs. I highly doubt we will have any extended sell off unless the tax reform plan completely falls on its face. Even then we could only see a broad sell off for a few days before we rally back. When I say the perma-bull has total control, the bulls have total control. Just look at the markets over the last 3, 6, 9 and 12 month periods and that will tell the complete story. While patience maybe key in the near term, continue to buy with confidence. Open Position: AMP RHT MCD NKE SWKS AET MXIM AAPL FB Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

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