I don’t have much to write about this market. Action has been very choppy, with little momentum to trade. The indexes look to be setting up bear flags, but indicators are pointing higher. As seen in this chart of the NASDAQ, there is still some room until it runs into the 50-day SMA.

Could the market continue higher though? Sure.  There are some good looking charts out there. I am adding this one to my watchlist. A recent trigger, BID. Nice volume on up days.

That’s all I have. I’m tying to not be an idiot and overtrade in this market. That being said, I took MNTA today, and am still holding. Best to be patient and wait for direction, IMO.

Update: Also adding PCYC.

Good luck and good trading!