Added some new call plays today, looking good so far!
Goodbye Bear Market?
Markets shrugged off the sellers today in a big way, a very solid advance late in the session. The resilient market is quite amazing, considering this rally off the bottom is now three months old. Most impressive is the rotation to different sectors. Today the techs and financials were weak, yet staples, commodities and metals showed strength. I suppose tomorrow the weak groups will rise up and take the lead. Breadth was negative but not that bad, turnover was higher but the volume really came in late in the day. Bonds were blasted after another big auction by the treasury. A lack of catalysts mean that we see some volatile action, and in front of a major expiration week that could still be the case.
Hit 'em straight!
Bagger
