Sure, the indexes closed in the red…but it actually was a pretty strong up day. After making new lows at the open, the indexes kept creeping up…cutting its morning losses by two-thirds! The world was coming to an end last night, but finished today feeling good about itself.
Banks/Financials continued their sell-off…and energy and transportations joined in. The day could have been a whole lot uglier than it was.
And futures are looking frisky this evening. Is it time for this bottomming process to finally complete? Let’s go for a run up!





Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....



