Buy Low, Sell High – who even does that.  

Who even buy’s high? 

No, it is “buy higher” now. 

Yup, with 96% of S&P 500 stocks trading above their 50-day moving average (seriously, who are the 20 stocks that can’t get their act together here?), and the highest reading this century, the market knows nothing about what a pullback is at this point and buying stocks at this juncture are simply an act of hope that you aren’t the last one to buy the stock, and that there’s a buffoon out there you can sell to at a higher price. 

The volume is extremely light as well, meaning traders are growing leery of the market rally and not sure they want to support these high prices – in fact, so much so, that today’s volume reading was the lowest on record since the whole COVID19 crisis started and the lowest since the market hit new all-time highs on February 19th of this year.

Below is my best take at a bullish watch-list at this point. The entire point of any new trade at this point is the belief that the market will continue to trade higher. While it could continue to march higher and higher with the help of the Fed, jumping in 100% long at this point would be foolish, and you are better off trading small at this juncture. 

Here’s my watch-list of long setups I am following: