There is plenty of anticipation of a much needed pull back but the participation in Selling is virtually nill. The bulls continue to take every opportunity to buy and push the indices higher. The volume on the NYSE has been weak all month of February and this may be the sign that most are watching. However it is a dangerous proposition to want to be among the first ones out of the gate and one has to be willing to suffer a bit before being rewarded.

TideTraders does not encourage this behavior and we continue to look at the trend as our friend until such time it confirms that it reverses. My video commentary this week covers the scenario I consider most likely in the coming week, keeping in the mind the larger time frame for the future, but as a trader I will follow the market and not try to read too much too early.

Here is the Video:

Dim lights

I will be available to discuss during the broadcast on Tuesday and Wednesday.

Here are the charts: