It looks like the market has shaken off the news last night that Steve Jobs is resigning as the CEO of AAPL (last night the futures took a big drop on the news) but now seems to be encountering another issue: that big bunch of overhead supply in the area above 1190. we approached it once this morning before pulling back,m so ight now it does look like we are going to get some resistance there. Leading the market buy a mile is XLF, and news that Buffett is going to buy a boatload of BAC, up 17%. I would read that that he already bought it, and is now selling to the dumbasses who gapped it up, but that is just old cynical me. Lagging,a lsp buy a mile, is XLU, so despite being down, it looks like the market is in a bullish mood. Under the hood, the Nasdaq and Russell 2000 are lagging badly, so that's not so bullish. Oil and gold are down, treasury yields down and dropping.
I have 16 new highs so far, with breakout attempts in JAX and ORIT. I have a report from CYBX, which is up 3.8%.
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