Recommended Reading

Google Search

Charts courtesy of

Monday, October 10, 2011

Monday Morning Update

My bearish stance on Friday has just been blown out of the water. The reason for this blastoff is not really important, and I can't keep track of all the European bailouts going on right now, so I just follow the market. We are up big this morning, and it looks like we are very likely to have a follow through day today.  The leading sectors this morning are XLE, XLB, and XLF, all up over 3%. Lagging are XLP and XLU. The Nasdaq and Russell 2000 are leading big. Oil and gold are up, as are treasury yields, but not by much. I'll be watching that.

I have 19 new highs so far, but with only two breakouts: SIMO and CRI.None of the stocks I had scheduled to report today have reported, but MG will be reporting after the close.

No comments:

Google Analytics