Shutdown? Debt crisis? The market ignored everything and ironically is now OVERBOUGHT! (Yeah, who would have thought?)
In any event, “V” formations usually indicate a market in need of a break. That means if you have some good long ideas, you might wait for a pullback.
Another favorite of mine is AMZN. A solid breakout and while it may not go higher Monday, this certainly can’t mark the top.
Back next Friday to see if Congressional squabbling can help Dow see 16K!
Gary B. Smith joined FOX News Channel in 1999 and is currently a regular commentator on "Bulls & Bears," including his own segment called, "The Chartman."