Yesterday was a great day in the market with a the gap and go giving us strong indications we were in store for a slow grind higher. The market may now rest after three strong days, but HIG looks like a stay that may go if the market can find more strength. Buy HIG above 12.50 for a move to above 14.50 with a stop down at 11. This good risk vs reward trade may take a day or two to develop as the market rests, but continue to monitor the trade.
For video analysis and a breakdown of the chart, please visit www.t3live.com