We are trying to halt a six day skid this morning. So far so good, but we are already losing part of this morning’s strong open. There is still a lot of churning going on and i guess that is to be expected after the week we have experienced.
As I said last night, the market is trying to find its footing and grind out a bottom here. This can take some time and there are sill a a lot of moving parts.
If we can build on this open and maybe rally as we enter the afternoon session then that would be a good thing. A rollover though would be bad.
Keep you posted.