You should be aware of a few things going on in the market….
First of all, the DOW has been nearing resistance at 12,750 area.
If you are in a long position, be prepared to preserve any profits you may have by tightening your stop losses.
And, “the world is coming to an end” news from Europe has been quieting down lately. But, Europe must make a decision on Greece by March 20th. Expect things to get bumpy as that date draws closer.
Also, notice that the wild 300 and 500 point up and down days (A on Chart) seem to be past us for now. Things have calmed down (B on the chart).
And, the big gaps (also, A on the chart) have disappeared. That makes for safer trading.
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