Index is due for a pull back right from here. Unless any surprising good ER tomorrow.(CSCO will ER after market close, watch closely)
It may be not a bad time to take some profits on strong stocks and leave some for a free run. Index put will have good run in the coming week.
Still some strong sectors worth to long, like coals, dry bucks, gold related and some emerging market ADRs.
Ideal pattern is market has a pull back, revisit or close to March's low, piggy for a while then break up for a new trend. (in several months time frame) If market still in a tight box, we may have to be really patient to find a direction. It's hard to trade in a range market.
Let's wait and see. Good Luck!
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