End Of Day Post

The markets hesitated for a second day in a row, with little bearish presence. With the markets at these levels, we will continue to keep a bullish – but cautious – stance. We aren’t seeing enough bearish movement to justify aggressive long positions here. It would be nice to see a bull pullback out of these markets before entering more bullish trades, but we might not see one of significance for a little while.

Not much has changed over the last week and we should continue to respect – and trade – the markets in front of us. We have seen slow moving, stubborn bull moves in the past. If played cautiously, they can generate decent returns. Continue to follow market sentiment. Things could be looking a little over extended out there, but stay true to the trend. Don’t try and guess a top here...you will be wrong.

Mid-Week Outlook:

• Bull: 14%
• Sideways: 59%
• Bear: 27%

Have a great weekend,

Maverick Trading