Midday Update

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.


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