S&P closed at 1315
it appears that a crash has been taken off the table...for now! The market rallied nicely off of some pretty good short-covering and probably some ole' fashion dip-buying to go with it...This was day 1 of a rally-attempt...market still has a lot to prove before I throw in the towel on my shorts...only short i took in today was SLB as the chart didn't get the break-down I was expecting...took a scratch on that, no harm no foul....
but today has my attention, we will see if there is any follow through in store...I expect a lot of volatile chop over next week or two to shake out over eager/late bears and the dip-buyers...
No comments:
Post a Comment