The Dow and Nasdaq have now closed higher for eight consecutive sessions and the Dow has not pulled back for more than 2-3 days and more than 2%. While this strength is very impressive, it is clearly not sustainable.
A lockout rally like we've experienced is a sign of strength. But as the market extends and individual stocks get extended, I generally use the strength for selling into and nailing down gains on my swing trades. This is a natural part of the maturation cycl...