Market is still trying to get higher even if being all pressured for a correction and today will be a good indicator of what's coming. Starting a day on the negative side and ending on the plus side means that it does not want to stop the rally. But watch out for a negative trend increasing mid day. This could be an indicator of the awaited correction. But do not expect major moves either way but remember that caution must still be applied.
There will be profit taking today but i expect a rebound tomorrow unless we are there now !
I still foresee a minor correction of 6-8 % and we are ready for it as we took profit last week on major stock advacnes like DAN, FITB and some profit on LVS.
Except some small clouds, this week will be a good one but again, caution must be exercise before doing any major move. THe market have rally a lot, it will give back some.
Have a good one
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