Posting this to share with our readers:My thoughts...The market continues to follow the trend off its lows of March 23rd. Yesterday we spoke about the small caps ($IWM) and how this is a risk-on trade. Today that risk on trade continued with the same theme. IWM finished up +4.92% on higher volume than yesterday. If the small caps continue to take the lead, this market will continue on its march from a positive short term trend to a positive intermediate term trend and, finally, a positive long term trend.At this point only the Nasdaq Composite prices are above its 200 Day Simple Moving Average. The S&P 500 Index and Dow Jones 30 Industrial Average are still trading below their 200 Day SMA. That will need to change; you cannot have a positive long term trend in the stock market while your prices are trading below the 200 Day SMA. Also, the "Death Crosses" that you still see on all of the major indexes will need to change. We need to see the shorter term moving averages (50 Day SMA) trading above the longer term moving averages (200 Day SMA.) That formidable 200 day moving average is the thing that needs to be overcome, besides COVID-19, record unemployment and businesses going under. Today's news of continued support from the Federal Reserve and the possible medical break through on treating COVID-19 definitely added optimism for the bulls.One additional thing I would like to see is volatility coming down. The volatility and continued gap ups and gap downs are largely still in play, especially during earnings season. The (VIX) which measures volatility in the market and is viewed as the fear index or indicator is still above 30%. We need to see the VIX trading below 20% at a minimum.This morning's stock pick, $AUDC, was activated. We bought @$30.76 but were shaken or stopped out @$29.15 for a -5.23 loss. As the VIX continues to fall we should see less of our trades being shaken out. We will continue to stay with the trend. We currently hold 2 ETF's in our portfolio. QQQ is up +10.80% and IBB is up +1.66%.We do not have any stock picks for tomorrow morning.Have a great evening and happy trading!- BernardLearn more about them here - www.TradesAfterWork.com https://twitter.com/BERNARDCLAY9!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");