Today is Thursday, April 8th and the market is showing some nice resilience in maintaining its  composure.

Well, I will get right into it with the market sentiment from Investors Intelligence. We saw basically no change, actually up .05 %. A slight move, but I would call it flat and an amazing development for the bulls. Getting this info hot off the press two days ago, could have given additional insight. That is how I would see it.

With the numbers, approaching extremes, but still far enough away to allow a significant amount of movement on the upside,  are leaving room for additional advances if the market co-operates.

A reading of 55% + is considered a market extreme and very often signifies market tops. Currently we are at 48.9%, with the last three weeks stuck in the 48% area.

This is not the point where we usually will see a significant market top. There is still enough skepticism alive for additional movement at this point. I will keep my eyes open for the possibilities, its up to you if you decide the same.

I always look both ways, but all I am saying for the daily and weekly movement, it appears the upside may still be alive.

Today’s action was very nice.  A good trending day with limited volatility and plenty of low risk  buying opportunities along the way.

No trading for me today and its unlikely I will trade tomorrow. That’s not a problem, I had a pretty good day yesterday. Its not really enough to cover my goals for the week, but I need the time off and I am traveling with my wife this week.

Short post today, but we will be picking it back up with new insight and trading idea’s for my loyal readers, so hope to see everyone back soon.

Good Trading, Vince