Market chugs along like a slow train everyday. We are extremely overbought in all respect but that's only a reason to be cautious with entry and actively managing the open positions not to initiate short positions. As some one once said market can remains irrational longer than a person can remain solvent. Sector wise we had gains in IYR and XHB while energy and ag closed lower.
There are lot of individual stocks which are setting up almost every day and are working and that's where I am concentrating as long as Indexes keep on going higher. One day this train will stop and all we need to be sure is that we are not the last one holding the bag.
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