Market Lab Report - Premarket Pulse 5/27/15
With the major indices still trading sideways, unable to firmly break out, keeping stops tight in stocks is imperative. As we have said, keeping your profits as you baby-step your accounts higher is key to finishing the year up appreciably. This is not a grand slam home run market, unlike each of the years in the 1990s where two or three trades could make a massive difference in your account. But if you hit enough singles, you can finish the year up well ahead of any of the major averages. So keep stops tight and take profits when you have them in context with the stock(s) in question and the general market.
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