The Dow and Nasdaq have now closed higher for eight consecutive sessions and the Dow has not pulled back for more than 2-3 days and more than 2%. While this strength is very impressive, it is clearly not sustainable. A lockout rally like we've experienced is a sign of strength. But as the market extends and individual stocks get extended, I generally use the strength for selling into and nailing down gains on my swing trades. This is a natural part of the maturation cycle and a natural part of how I trade. We've de-risked and booked a number of gain in trades that were extended. We nailed down a couple of nice double-digit profits this morning in $BHVN and $CVHN. With cycles and seasonality bullish, the strength could carry a bit more into the end of the year. Our models are bullish and trades have been working better than we've seen in 18-months. However, as the market gets extended, I am starting to get interested in shorting the major indexes for a trade. Put volume is starting to show heavy complacency. Longer term reading are bullish. Short term a pullback is overdue. With the market improving, it's a great time to join my winning team. minervini.com

For those that preach the gospel of the markets and mentor others. If you truly want to be a force for change and help others, then succeed yourself. Nothing inspires like success. Don't just tell it... show it!

My 6 key trading rules 1. Wait in cash for proper setups. How long? As long as it takes! 2. Always trade with a stop loss; keep all losses small 3. Never get bold when running cold 4. Nail down decent profits 5. Never let a good size gain turn into a loss 6. Never add to losers

My trading goals for 2022: - Make sure I'm always getting odds on my money by maintaining a positive reward/risk relationship. -Never force or chase a trade - let the setups come to me. -When trades are working, get aggressive... when they're not, be patient and wait in cash.