Ever since the 4th of July, the equity markets have found their legs. Prices have moved higher for all the broad popular indexes. But do we have a discernible trend we can count on to place low-risk macro trades? This is the real question we are grappling with here at theOptionsEdge.Com. Whether it is a single stock or ETF representing an index, we prefer markets where we can define the trend supported by the fundamentals. With that in hand, we suggest an investment idea with that wind at our back. In today's discussion, we take a fresh look at the charts of the Dow Jones Industrial Average, Standard & Poor's 500 Index, the NASDAQ 100 Index and the Russel 2000 Index in light of the latest rally to see if we can develop a thesis worthy of a trade.
