Hey Market, Can You Give Me a Minute to Catch My Breath? [TheStreet.com]
TELARIA INC (TLRA)
Last telaria inc earnings: 3/10 08:00 am
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Source: TheStreet.com
Hey Market, Can You Give Me a Minute to Catch My Breath? The uptrend continues but the most remarkable characteristic of this market is the lopsided action. There are hardly any pauses or pullbacks within the trend. There is no chance to catch your breath. The indices close at their highs and then gap-up the next day. Trying to find new entries is a major challenge. If you like buying pullbacks you are out of luck. I've often written that strong markets stay sticky to the upside. There are a number of reasons for that, but market players that are looking for a top generally fail to appreciate it. It just doesn't happen quickly. What the top callers need to be able to press is a start like this and then a reversal that takes out the lows of the day. An intraday reversal to day lows will trigger some sell stops and allow some bears to press but you can't underestimate the dip buyers that are hungry for opportunities. I'm carefully managing positions this morning and trying no
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