1 it makes new highs and 2. if SPX follows through and makes new highs.
Well we now have both:
NYAD has gone vertical again after bouncing off its 19ema and remains in a great uptrend. Ask your self would you short this stock via this chart?
The last move up has strength behind it, it is possible that this could be a finally leg up before a move down though, more on that to come. But because of this strength the market isn't going to go down easily, there is buying pressure and until those buyers turn into sellers the market will remain in it's trend.
