Happy Saturday everyone,
Here is this weeks market wrap and sector watch video.
The markets had another impressive week for the bulls and took a well deserved pause towards the end of the week but still managed to close higher on Friday with a late day bounce. Retail and consumer discretionary will be the main focus next week as we get a plethora of earnings from the sectors next week.
The bulls remain in control as we continue to melt up and that could lead to some type of blow off top. If you have some good profits in your long term hold or swing accounts it would not hurt to start locking in some profits and raising cash for an inevitable pullback and an opportunity to buy good companies and stocks that go on sale. To be clear> I ma not suggesting that you sell it all! However, taking a little off the table never hurts when you are locking in some gains.
I will be back tomorrow with some stocks to watch on Ticker Tv at 8 AM Vegas time here http://ticker.tv/vegastrader66
Feb 18-24th 2017 Market Wrap and Sector watch from Alpha Wolf Trading on Vimeo.
