Complete Tuesday Game Plan 11/5/13

Markets finished little changed Monday to kick off the week. More of the same grinding higher, tempting those cautious on the sidelines to join the fray. They do say a bull market does not usually let you in. Meaning it keeps extending moves almost paralyzing investors underweight to purchase pullbacks that do not arrive as planned. Both the Nasdaq and S&P 500 were up in the .3% neighborhood. Benchmarks keep feeling that magnetic pull to the big round 4000 and 1800 handles despite the fact that bullish advisers surveys remain near 5 year highs. Many use this sentiment indicator as contrarian, but pay all of your attention to the actual price and volume action to guide you in your investment decisions. Interesting moves in retail today as recent laggards in the group, which were best of breed variety not long ago, had mixed action. GPS that we became bearish on in early August this year as it cracked its 50 day line, and has dropped into its own personal bear market recently, today ROSE after a GS downgrade which can be a good tell. When stocks do not go down on bad news, you can make a more bullish thesis for the name. This name is oversold as well, perhaps adding some appeal to the mix. KORS fell for a third consecutive day on heavy trade undercutting its 50 day in the process. Since reaching an after hours high I believe went above 80 just 5 days ago, this name has acted poorly. If it can recapture its 50 day SMA promptly it could warrant an entry. The retail ETF RTH, very illiquid, did not seem to enjoy the knock at the round 60 handle door, as it was turned away.