Pre-Holiday Drift In An Overbought Market

By All About Trends

I wanted to alert you to a price increase for All About Trends found exclusively on zentrader at a 50% discount. As of July 4th, the price will be increased and now is the time to lock in this low rate.  For their trade ideas, accuracy, and market views they provide, you can't beat the value.

Everything we said yesterday still stands today in shortened thin pre-holiday trade. We don't expect much the rest of the day here as the markets close early today at 1 PM EST. So in other words, what you see is what you get.

Could it keep going? Sure anthing is possible but I'm not going to mess with a market that is sitting at multiple resistance levels with numerous indicators saying we are in the zone for a turn from up to down.

Should we get some downside volatility after the holiday and over the coming weeks (technicals sure say so) then who's not to say this issue can't roll back over and we can jump into it again. I'm all for that but lets not put the cart in front of the hrose just yet. At the present time we are going to go for the one in the hand vs whats behind door number two.

As we post SYNC is currently trading at 14.60 and that will be the price sold at on a position of 350 shares for portfolio tracking purposes.