THE BATTLE
The bulls and da bears are battling out and right now and I would give the edge to the bulls as market breath has flipped to 800 more winners than losers with NAZ internals leading.
The sectors impressing the most are the Small guys(+1%), Semis(+1) and the Metals(+2%).My favs in the Silver patch, PAAS and SSRI are acting quite well.
KLAC in the Semi sector is up a buck and that is always a good sign for the bulls.
Volatility Indexes are down a bit and I do not expect much change there for the rest of the day and I do not expect much fluctuation in the indexes as the holiday trading will kick in shortly.
posted by DAVID at
1:15 PM
2 Comments:
There may be more bulls out there using SPY or ES to buy (or prop) the market. Which would explain the breadth.
Not to say this thing will not break up.
Market not trading well and I think it is attributable to 10 year Bond back at 4.98%- If that backs down a bit and Iran chatters settles down we probably go back to top of the range
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