Chart of the Day: Planning for a Pause
The stock market has been up huge since September 1st and now stands at the yearly highs in April. Will the market break to new highs? Do we want it to break on through?
Great comments from Carter Worth on Fast Money last night. Carter is a charting expert that regularly appears on TV so its interesting to see his comments on how it's better for the market to rest for a few weeks before breaking higher.
That plays well into our theory that the market will reach new highs by year end, but a pause in the rally would be very healthy.