NOON REVIEW

Well the Rejection lasted a little while anyway. The market is very resilient as it has now jumped over the Pivot and the next resistance is at the 130.6 level.

The market internals are now 1,350 to the green and most sectors have followed suit. The biggest winners are Small caps, Oils and Metals. The Bond is still sitting at 4.7% basically unchanged on the day

The Naz has turned green and my SMH trade is looking pretty good so far. The Volatility Sisters are still sitting on the floor and unable to get any traction. The favorite momentum stocks are higher with AAPL GOOG GS all green. Interesting how INTC is green and BRCM is red.

I have no clue why the market is rebounding so quickly from yesterday's ugly sell off but the market just does what it does and all we can do is try to profit from it.