The Wrap 3/17/10

{+++}More new highs today as the SPY saw its 14th consecutive green day, fitting, as it was St. Paddy’s Day. Where it stops nobody knows.

We took some more profits today and I have reloaded with two more longs tonight with AMLN and MCO. Let’s keep the conveyor belt humming as it seems to be working.

I don’t see any shorts that look appealing and probably won’t until we see a trend change.

I’ve updated the P&L to reflect today’s action and have raised some stops so please stay current. I’m on tomorrow at noon, please tune in and send me any questions or charts tonight or in the morning that you would like me to review.

Hey you guys are quiet lately, I haven’t received a comment since the Eisenhower administration from you guys. Have a great night and I will see you tomorrow.

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