The DJIA continues to be the weakest link in this domino game. It breached the 10575 area a bit ago and then bounced hard on some likely short covering but I'm not sure the real bottoming has been felt yet. I've shorted into the bounce as I keep a close eye on the NASDAQ as it has been the cushion today. If any weakness develops in the chips this could get ugly. TXN is really holding us up though and doesn't look to want to falter today.
So the game of cat and mouse continues with the attempted push higher here meeting some resistance. Bias is lower today just like yesterday and if you want to works some trades, that's the side to play from. Naturally you have to respect the short squeezes though as this long bull run still has a lot of admirers.
So the game of cat and mouse continues with the attempted push higher here meeting some resistance. Bias is lower today just like yesterday and if you want to works some trades, that's the side to play from. Naturally you have to respect the short squeezes though as this long bull run still has a lot of admirers.
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