The merciless market grind higher continues. The S&P 500 is trading around yesterday’s highs right now and it looks like today will likely be the day the S&P tags 1700. As I mentioned last night, we may not stop there and this grind can continue beyond 1700.
My trading plan remains the same: I will be looking for the strongest momentum stocks and trying to buy them on pullbacks. I will consider acting on breakouts but only if they are happening from well defined bases and with good volume (e.g. SRPT yesterday).
Here is my current morning watchlist:
- Solars: CSIQ, RSOL, HSOL
- Rare Earths: REE, AVL