Hey Guys,
The market had a really strong day yesterday, and it came at what might be a pivotal time. Check out this chart of the S&P 500:
The red horizontal line at the top represents the prior high. Notice that yesterday's big green bar not only surpassed it, but forcefully punched through it.
Sometimes the prior high could serve as a form of resistance, so it's a good sign that the market drove right through that price level with no hesitation. It might foreshadow continuing market strength.
I took on a new trade today in the main account. I bought a stock position for SNY, which is a company in the healthcare industry.
If you have any questions or feedback, I'd love to hear from you.