12:20pm (EST)
Today’s economic news has come in weaker-than-expected which held the bulls back for much of the first half of trading. However, as we head into the second half, the bulls have taken control and looking to extend all-time highs. We will skip the boring details because we have a lot to cover but tomorrow’s Philly Fed could have a major impact on trading.
The Dow is up 30 points to 15,245 while the S&P 500 is higher by 5 points to 1,655. The nasdaq is gaining 8 points to 3,470.
With the major indexes approaching our next set of extended targets and with tomorrow’s potential market moving news, we do have profits on a number of trades that we want to lock-in. Although we continue to expect higher prices, these juicy profits are to hard to pass up…+63%, +100%, +80%, +60%. These are the gains we are ringing the resister on so let’s go check the tape.
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