Light News Favors the Trend

The market is poised to drift higher and a speedbump was averted this morning.

PRE-OPEN MARKET COMMENTS WEDNESDAY - Yesterday the market opened a little higher and we knew that overseas markets would provide a headwind. They were trading lower and we have the same backdrop this morning. At an all-time high, the bid is going to be tested every day. Buyers want to test support and once it has been confirmed, they will nibble. They will not chase gaps up, but they will buy dips. That knowledge tells us to do the same. Drops will not manifest into deep waves of profit taking so we don't need to worry about that. There's no news to spark that type of selling pressure.

Daily Bulletin Continues...