STOCK MARKET COMMENTARY:
FRIDAY, FEBRUARY 28, 2014
Mon-Wed’s Action: Stocks Trade Just Below Resistance (1850)
Thurs & Fri’s Action: Bulls Send Stocks To New Highs
MARKET OUTLOOK: Strong Uptrend
The market is following our script perfectly. In late Jan/early Feb we wrote saying that this appears to be another normal (and healthy) pullback within a broader uptrend. That is exactly what occurred. As always, keep your losses small and never argue with the tape.