Will Stocks Maintain Highs??

Stocks have inched out highs on Friday. Asia's opening has seen little movement from those levels. In order to maintain current levels we need some momentum desperately. Otherwise, we will likely see a retracement. As we have noted multiple times in this report, 4188 or 4144 would be nice targets for a selloff. Buying at these levels would be FOMO and would carry significant downside risks, so keep a narrow stop loss if you are long. The Kovach OBV is very gradually tapering up but is broadly speaking quite flat.