Nice rally in the stock market today carrying indexes above their
50dma. We haven't seen that since early January, when the markets
quickly turned around. Volume was a little lighter than one would hope
for a strong price move. But after last week's two distribution days,
we'll take it!
The market is obviously short-term overbought and extended here. What's
next - basing around the 50dma?
Short entry today, and no pic as I'm just emailing this in. New job for
me and was quite busy with the meetings today.