Bob Byrne is a full-time private day trader with 15 years' experience. His trading relies on traditional technical analysis and volume profile. His primary focus is on stock-index futures and index exchange-traded funds. In addition to private coaching and mentoring, Bob is also the co-host of a daily trading chat room on RetroWallStreet.com. His contributions to this or any other site are not to be construed as recommendations to buy or sell stock.Expand

Bob holds a business degree from St. Edward's University in Austin, Texas. He lives in Park City, Utah, with his wife, son and daughter.Collapse

It lacks momentum for a meaningful upside break.
Allow the current shorts to be squeezed a bit.
However, momentum is lackluster for higher timeframe traders.
Traders need to be patient and cautious.
Such a break would signal an all-clear for more aggressive trading.
Keep an eye out for buyers returning to natural gas.
Vale's moving averages are either in free-fall or turning lower.
Higher timeframe swing traders can look to enter HON around $100.
Short-term traders should consider following the market higher.
Also watch these areas on KORS and GPRO.

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