Markets open lower but have since flipped to the flat line as the best trade continues to be- buy any dip-
SPX -2, NAZ -5 and DJIA -7.
Strong sectors include retail, banks, biotech, bonds, brokers and drugs while energy, gaming, internets, metals and semis lag.
NYSE- 400 net losers;
NAZ- 550 net losers;
NDX- 42 GREEN;
SPX - 235 GREEN;
TRIN- .8 and down volume a little more than up;
Didn't think the markets would bounce back this fast in light of the overnight action in China- well - folks want to own stocks - bottom line.
BESPOKE with some interesting stats from July 10;
RSI 2 - and more extremes;
Even Madoff can't believe it;
The SHARK collects these;