A Daily Swing Trade

Feb 1, 2007: The Macro weekly uptrend is still bullish, market ended the month in new Multi-year high territory, thereby keeping the uptrend intact. The longer term trend is up. Despite the uptrend, we would like to caution traders due to the recent rise in the market with little to no consolidation. With the extreme overbought stochstics, market is very susceptible for possible near term corrections. The short term trend is sideways to up...