The broad market seems like it's ready to move higher. Every time a bank announces (with the exception of WB), we're getting a pop in the financials and the broad market. I've pointed out several other bullish factors in other posts on here as well. However, we are now up 4 days in a row. It doesn't seem like the ideal setup to jump in.
Today's gap up was a signal to buy for an intraday trade. Quantifiable edges showed a few weeks ago that it has been a profitable strategy to buy gaps up in downtrending markets. They tend to trap bears and leave them scurrying to cover which pushes the market higher throughout the day.
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