All Time Highs Again

ES11092013What can I say we are going higher. I really wanted to see a stronger pull back so I could get into more positions. I only picked up one swing trade this week which was BAC long. I had a position on PRU that I scaled due to the earnings report. I am not a fan of being in a full position going into earnings. Made money on the scale and earnings came in really good driving the price higher. Gotta love the fed. I am cautious here due to being at the top of the longer term channel. However the On Balance Volume (OBV) and Advance Decline (AD) are bullish. Price is telling me to look for the pull back but with the OBV and AD my intuition says “TO INFINITY AND BEYOND”. Going to be a fun week next week I feel.