Blinking Yellow Light: Proceed with Caution

Blinking Yellow Light: Proceed with Caution

After a strong start this week, the market hit some resistance on Wednesday, slipped Thursday only to break above the 21-day moving average Friday. Several stocks are breaking out, and many A.M.P.D. traders are cautiously beginning to take new positions while we watch for a follow-through-day and for the leading indices to break back above…