Market still bullish. Volume is light, Be Careful.

ES 02192013I have looked at many opportunities to go long today. The majority of stocks have a nice price pattern but the on balance volume is not trending in the same direction.  With this said I am also looking for shorting opportunities. This does not look great either. I did not find anything today I want to swing or position trade. Keep your stops tight and be very patient. It is getting close to some really good opportunities.

Market Update

This market is on a mission! Made a higher high on Friday on the S&P 500/ES. We have not seen this area since 2007. I am long this market and will stay this way until the market  gives me a reason to short.