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After yet another strong day across the markets, the SPY and QQQ both sit at or near all time highs. Sectors that could be positively affected by the latest stimulus, such as banking, have shown the most strength since back in November.
If you’ve had a good week trading, be mindful of your trade management into Friday. Many beginning swing traders can want to accelerate gains by loading up positions in an environment like this, only to be caught on the inevitable pullback. More experienced traders will typically book some gains, take a lighter portfolio into the weekend, and wait for a pullback to reload.