Is this Rally the Last Hooray?
This is what he's been waiting for, the marginal new highs on the US Markets. There is little chance left now of the markets going higher from here. Gary Glover of Novus Capital walks through the technical indicators and the waning volumes as the market struggles higher. Protecting capital by tightening stop-losses, extracting that little bit more income by selling deep-in-the-money calls and bracing the portfolio are the steps Glover is taking for clients.