Stocks follow-through with more gains on higher trade

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Wednesday trade was the kind of action we want to see after the price and volume movement on Tuesday. Not only did we see a price advance with volume but intraday support as well. Very bullish sings in the market over the past two trading sessions. The NASDAQ, S&P 500 and NYSE Composite indexes saw volume rise with their price gains. Using Jesse Livermore’s term to describe this type of market; “The Path of Least Resistance is higher.”

I am so glad I am not hearing about the FOMC. For people to watch so closely to one group can be quite scary. However, it is in the past and time for us to continue to adjust out portfolio with a long bias. Please go check out Investors Business Daily’s website. They are giving away free, for the remainder of this week their Premium Research package. Please, check it out…invaluable pieces of information lies within that page.

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It never pays to find a trend, especially if the trend is fresh. If you bought QID on Monday how are you doing? Down nearly 6% at this point, it pays not to have an opinion just looking at the market action is your best friend in the market.

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