James "Rev Shark" DePorre is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He is founder and CEO of Shark Asset Management, an investment management firm, and he also operates sharkinvesting.com, an interactive online community that serves and educates active investors.Expand

DePorre holds business and law degrees from the University of Michigan, is a member of the Michigan Bar Association and a former attorney and CPA. He lives in Anna Maria Island, Fla., and Conover, N.C., with his wife and three children. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.Collapse

My money is on continuation of the uptrend even if there is a hiccup following the Trump team's tax reform announcement.
Strong markets tend to stay sticky to the upside.
Now that it's climbing higher, it won't suddenly collapse.
The fact that many traders weren't well-positioned for Monday's move up is helping to create one-way action this morning.
The issue that has plagued the market since March 1 has not been resolved, and that issue is lack of sustained momentum.
It was a great day for holding positions but not a very good one for active trading.
All the action occurred overnight after positive response to French election.
If you aren't positioned long already, you are struggling with what to do here.
What this market has been missing for months is sustained momentum.
It doesn't matter if the stocks you trade have short life spans if you are cognizant of that fact and are prepared to deal with it.


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