A Bit Hot

I will flesh this out for Members and in the brief recap here tonight, but the QQQ (and SPY) are both dealing with their upper daily chart Bollinger Bands for the first time many months, well before this rally started in February. 

While other indicators (like NYMO) had flashed very overbought previously, the Bollinger Bands have not until now. So, it will be interesting to see how the market reacts to it in the coming sessions as we wind down the month and quarter of trading. 

In the meantime, quite a few stocks continue to act well and even set-up. We are thus spending most of our time focusing on quality setups without bias, despite the market being a bit hot now.