Actually it was Nut and Honey. But for many, and for this blog it's Nuttin' Honey!! Yup, that's right. Their ain't nuttin' worth talking about today.....honey! The rally is intact and moving according to plan. Ok, not really a plan, but moving nicely. Friday was a down day, which prolly wasn't a surprise considering it was options expiration day.
So the DIA continues it's march. Move, Rest, Move. An army marching forward needs to move, rest, move.......and repeat. As the market moves, it needs to rest, or pullback and go at it again. Looks like we could have another pullback here if we break 132. If we do it's time to add to good positions and initiate potential new ones.
Here's the chart and the Trends.
CURRENT MARKET TRENDS
Short Term (Daily Chart) – Up
Medium Term (3 day chart) – Up
Long Term (Weekly Chart) – Up
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