Something interesting happened on the way to technical breakdown, market gathered strength ?
How ironic is today's strength, when every pundit & technicians were ready for way more downside....
Herd mentality never works in Wall Street...IF everyone is panicking then bottom is seen already....
HFT supercomputers know how to milk for their OWN benefit....
Anyway, those who look for answers from media can never win.......
Indices are UP nicely today thanks for digesting just about every possible negative scenario....
Gold Down $34.50
Oil UP 84 cents
Canadian $ UP 48 tick @ 101.00
VIX down 7.54% @ 39.75...many traders are still buying VIX
Portfolio is CNQ,LULU,RVBD
Most stocks are UP
Internals are positive by minimum 4 to 1
@ 2.06 following are Red :
AUY,GG,SLW,AG,SVM,ABX,KGC,AEM...
BLOG does NOT give buy or sell.
Saleem
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