Hugging the flat line
Indexes are hugging the flat line but we are finally seeing some bounce in the small caps and the chips which is the first sign of life in about 4 days in those areas. That bodes well for a bounce attempt at worst and if the internals start to turn, we may see that develop. I'm sitting tight now having been quite busy this morning taking some short profits and entering some new positions; mostly long. Oil stocks are getting some traction again but precious metals still having difficulty. I'd still like to play that bounce trade in that area but it just haven't given us the real bounce yet. Be patient.
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