Indices needs to rest here......

Indices have come a long way from February low of 1737.92, in less than 5 weeks we have gained 145.65 points or 8.38% in S&P 500.....

RSI is also near top end of its range @ 66.40...

It will be healthy to build a base @ this juncture.

We may pull back to find new support.which should be above 1850 area.....

We may go into rotation of new emerging sectors.....

Gold, Oil, Solar,small techs looks better than recent winners.....

Healthy market always find new sectors to focus on.

Carter Worth is also making comments that we are near top & implying "imminent pullback"

IF you leave some room for buying you should be able to take advantage of "relative bargains"

Eventually "leaders come back strong"

In any pullback new focus is important......

You can always see opportunity if you are looking for one.

In any pullback environment "small gains" are desirable vs "home runs"

There are lingering Geo-political issues which may come to conclusion shortly but its acceptance may be an issue. This will help gold further.

SO....be ready for a sluggish & stale environment until April when new earning reports may create bullish TAPE.

In the meantime create your "ideal buy list" & focus on trading near term.

Good luck with your own strategy but do not push for out performance in near term.

Sideways movement is OK in TAPE & portfolios.

BLOG does NOT give buy or sell.

Saleem