The Market Continues to Be an Uptrend

We're still in an environment of extremely low interest rates, even negative interest rates which is favorable for stocks. In the bull market, there are opportunities for both bulls and bears. I continue to think that deep, simple, backs will continue to be welcomed as a buying opportunity. From a swing trading perspective with all the major indices closing below their 20-day EMA, you might need to be a little bit careful on the long side.