Most of the gains came on the back of AAPL, which probably goes to 500 before coming back down.
Volume was the lowest in months on Friday and the market didn't move much at all after the European close. Could be op-ex. Could be the snowstorm up north (volume was lower than the shortened days though). We'll see. It's a suspect break-out at best.
Weekly charts are showing a lot of divergence and are at the tops of their bands. 2-5% trailing stops aren't a bad idea depending on your risk tolerance and how much you're up.
I would like to know who is giving me thumbs down everywhere? What do you think of yourself? There is both direct and indirect meaning to my statement "going to da MoooooooooooN"! It is best for you to figure that out rather than give me thumbs down. Right?
Unconvincing? You obviouslt don't have a clue old man. Look at the volume for the past year and you will see slow melt up on low volume almost evrytime. High volume days are almost always sell off days. Look at the chart how can you be so stupid?