Monday, July 11, 2005

Well another HOD close.

Markets paused midday but continued the straight up march. DSTI on verge of a break and BOOM was active today. But I wouldn't touch BOOM up here unless it truly breaks to a new high. Housing and related stocks like IPII straight up also and we have some situation where they are way overview's. So I am picking my breakouts carefully and not chasing the market. With the vix hitting a 9yr low and the total lack of fear out there, it sets us up for an airpocket. Going to keep scalping till we get a pullback and a healthier re-entry point.

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