Well - a one day pullback was all the excuse the bulls needed to drive this market back up. I think this says a lot about the emotional state of investors in this envrionment. The fear of being left out is apparently a strong motivational factor. This works both ways - during melt downs, as well as melt ups (which is what we have right now).
Up or down, is does not really matter. I'll build my watchlist, and there are always opportunities to trade. It is important to not be driven by emotion - stick to your plan and do not feel like 'You have to trade' otherwise you'll be left out.
Some stocks I'll be watching today are:
TIBX
ARMH
REDF
COCO
DECK
Needless to say, my bias is to the long side today. I am also going to be looking for strength in semis.
Good luck today and happy Friday!
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