Classic Bullish Breakout Pattern... Did you miss it?

After a brief and healthy retreat, the US market continued upwards as the US economy continues to recover at the speed of the recovering US dollar. In fact, there were so little doubt two weeks ago that this is going to be nothing more than a healthy pullback that we took the opportunity to help our Masters Stock Options Picks subscribers place call options on the QQQ right before its recovery. Looking at the QQQ chart shows a classic bullish pennant breakout with a retreat and rebound right at the top of the pennant ceiling. It is so classic its a no brainer (If you missed this, you really should join our Masters Stock Options Picks service!). Looking forward, there leaves little doubt that the market is going to make a new high.

For now, the market resumes short term bull trend, intermediate bull trend within a primary bull trend.