Home Stocks Trading Advantage Stocks – Slow Grind to Record Highs

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The markets had a slow volume grind to record highs yesterday. It was the typical trading as of late where buyers just continue buying and sellers stayed stagnant. Usually this means that sellers can come in with any decent sized volume and spook the buyers that took the risk at these levels. However, sellers know they would only be chum these days. Maybe the market was subdued due to the tragedy in Las Vegas or it seems buyers don’t happen to see any speed bumps anytime soon. Whatever the reason we believe it to be, the markets are continuing higher and are not slowing down. The daily chart for the indicies are starting to look similar to last November. The biggest correlation is how the financials are trading. With big buying continuing to add onto the buy side in the bank names, they’re technically in a breakout. Just so happens that the markets are doing the same thing. The difference is that we’re at all time high in bank names and the indicies. Same behavior, different levels. These levels leads to the argument of context. Historically it’s high risk to buy at these levels, yet it seems traders and investors have no choice these days. Patience will only be a part of the equation at the moment. Sometimes aggression is the key, but not without substantial risk. If you can accept the risk associated with losses at these levels, then you should be buying. If not, then patience for a pullback is the only other route. The only problem with that is you might miss out on the true move. Markets haven’t stopped and won’t stop it seems. Pullbacks are getting smaller and patience is wearing thin. That is the state of the markets now ladies and gentlemen. Open Position: NVDA EDU XLNX QCOM KLAC NFLX SHOP TTWO 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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