Week Ahead: ES and DIA
Markets stayed strong after the election rally. The DIA (Dow 30) is leading the way after breaking through its short term trend. With possible new trade agreements and less regulations with a new administration this may benefit the large cap companies going forward. At some point we will get a pullback but the trend is your friend.
* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money. Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.