THE CLOSE

Another gap to the upside. Only issue was the tired close of financials but that’s all. Nothing wrong with being a little overbought.

Good to see strong reactions out of names like MCD and CAT. Those 2 names were about 100 Dow points. Lots more earnings to come out but this 2 day move sets up a ton of stocks for entry. Be focused…especially as more earnings are reported.

Lastly, when the market can pull back in a shallow fashion for over 8 weeks and get most of it back in 2 days…THAT IS STRENGTH. Keep that in mind.