The S&P and Nasdaq indices are driving to new highs but the quality of opportunities isn’t as good as we’ve been accustomed to recently.
At the same time, Gold and Silver have broken out from their ranges and consolidated. Seems to me that some big money is betting on a retracement in the markets, but we have to focus on what we’re seeing right now.
So, stay true to our philosophy, just trade what you see and stick to the best looking opportunities. The stock indices are still strong, and we’re likely to have plenty of warning if something untoward is going to happen.