Nasdaq UP Eight day's in a row....NICE !!!!

Nasdaq is the strongest with a winning streak of eight day's.

Nasdaq closed @ 2872.66

Nasdaq 2011 high 2887.75

Nasdaq only 15.10 points from making a new 3 yr high.

Nasdaq RSI is 69.39

IF you have been observing, many stocks are making series of all time highs. This happens only in a "major bull run". We need to let the market take our stocks as high as it can go. This is NOT a traders market, IF you trade then you are trading away your  profit. This is hard to understand, because we were used to volatile markets in the last 3 yrs.I am observing TAPE action which is very strong, which happens once in 10 yrs.

YES..stocks MAY pullback few points to regroup its technical strength, but they are headed much higher. I am NOT smart enough to time trades in a bull market.

Internals of the market were strong.

SO...it is all about "jobs report" which is expected to show job growth of 90 K in non-farm payroll and 110 K in private job growth...market is in the process of making new highs..Job growth or not. It is NOT about consensus for June, but it is about TREND in the economy.Worldwide economic issues are being resolved, so "no panic in the air"...this is all we need to move forward.

Stocks which were UP 2% or more included ATML,WYNN,FCX,
RVBD,RIMM,LVS,CNQ,PCLN,GOOG,IBN,M,V,SU,JDSU,CIEN,
FNSR,ARUN,CRUS.....

AH Futures UP

AH Asian markets UP

AH Oil & Gold UP

BLOG does NOT give buy or sell.

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