Seeing some blow off moves in the following names:

$FUBO, $FUTU, $GME, $PLUG, $BBBY

Watch for leaders to top in concert. My caution flag is up for sure at the moment. Especially with new purchases.

There is still lots of week left certainly so I'll be watching these and the TMLs and other leaders closely. After going through all the charts, today felt more like churning (a form of distribution) than accumulation despite the u-turns.

I still see setups and some bases having said this but that doesn't mean I plan to just anything with a base. The market has trained many to dip buy or breakout buy. At some point, the market will give that song and dance up. For now, as mentioned earlier, it's about port mgmt.

As the move becomes more obvious (>13 weeks from a FTD), for me, its more about culling out my laggards/losers into strength and sticking with my core winners. Never wavering from the plan and process.

I want optimal r:R. If I demand it in my process and I have the tailwinds from the TMLs/leaders, breadth, indices, & sentiment, I will substantially increase my odds of success in new buys. Then, it becomes all about how I handle it from there. Big money always in the sitting.