Strongly Bullish Market – Stay The Course

The futures look down this morning about an hour before trading. But overall market is strongly bullish and there is no reason for me to try and be a contrarian at this point. I will just listen to what the market trend is telling me and stay the course. Here is how some of the sector trends look like:

SPY: Very bullish and looking very strong

IWM: Very bullish

EEM: Reasonably bullish had a good run up over the last 3 or so trading days

XLK: Nicely bullish

XLF: Extremely bullish

XLE: Yes, bullish

XLU: Bearish, stay away

XLV: Neutral by my assessment, some may say bullish, but I think there are better choices

GLD: Bearish, sell and get out if you own

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