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My Thoughts by TradesAfterWork - Nov. 6

My Thoughts...
The market seems to be overbought, but continues to climb to new highs, and we have to respect what the market is telling us. With new highs in all 3 major indices you don't want to argue with the upward trend, even though we seem a little overextended and can get a pullback at any time.

The Nasdaq Composite Index finished up +2.12% for the week, the S&P 500 Index was up +1.67%, the Dow Jones 30 closed +1.03%. The small cap Russell 2000 IWM also hit new all time highs, up +2.08% for the week.


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