Good Day To Be A Bull Today #SassyMusings 5/12/14

Last week before the close I told my subscribers that I felt a nice gap up coming.
I then wrote about my expectations for a bullish week to non subscribers here.
So far that is looking good as well as the transportation and industrial sectors as I mentioned.
Our entire watch list pretty much triggered and there was some nice moves, such as with GD, HUM, and OPEN. Even shorts in the utilities worked.
I believe the move is not done for this week. I would like to catch a couple good short term moves on a pull back this week.
Once the move does look done, I will look at many different breadth indicators to help me determine if the move will sustain itself or we will get the pullback many have been anticipating.
Keep in mind it’s monthly options expiration week so check your open interest.
Chart of the day: Finally closed outside of the box.
Tweet of the day: nothing got me laughing today. That is good, cause once I start seeing tons of funny tweets I know the move is almost over.
Regret of the day: Definitely not getting completely out of my shorts last week.
Please take a minute to support my work on The Street. Thanks.

Have a good evening. If you are looking for good trade ideas check out a subscription.