That’s how the market is reacting to hitting the 8000 neighborhood. At times today it started acing like a magnet to that level but then it would fight and run from the level like a dog running from a shot. The XLF did make new lows but bounced gingerly from the level. It was a green day with the help of SKF, SMN and BTU, but you had to be “wicked” quick as they say in South Boston and I was stopped on trades many times. It’s just that type of market right now. The market still stunk today, volume was light but the depth and breath of the market was lacking. The mega caps got a bump but nothing else. Certainly the financials acted poorly. Great get Soren.
I was talking to a trading buddy today who just killed it short today and he said it doesn’t matter what the market does as long as he can make money and I said that all I care about is that it’s open.
Watching CNBC, what a mook Dodd is. Bloated charlatan.