HOW NOW SPX

SPX with another retest of the lows on Friday and last Monday and last Tuesday. How now? Well a positive divergence on the MACD Histogram has developed which could indicate a solid bottom and a good time to buy(click on chart). My big worry, another cockroach in the financials like BSC.

Also, New Highs less New Lows on the NYSE/NAZ has plummeted from the numbers hit back at the January low - 1,959 net new lows on January 22/23 and 442 yesterday when the market hit almost the same 1,270 low. Another positive divergence.

Barron's this week with an interview of Bruce Berkowitz who runs the FAIRX fund. Biggest positions- S BRK CNQ MHK WCG LUK XTO USG PWE.

MORN rates FAIRX with 5 stars a .68 BETA, 1.01 Sharpe, Alpha of 8.26 and a 9.1 standard deviation. YTD in the top 1% of its category, top 2% in the last 12 months, 36 months and 60 months. Pretty pretty good and pretty pretty steady.