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Of Mine and Men

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Squeek! This opening is not for the meek, my friends, as there are crosscurrents galore out of the gate. Case in point: The bank index (BKX) sported a 3% jig from the word go, yet many of our trusty tech tells (CSCO and the semis) quickly came for sale once open. It's an interesting dichotomy, and the first thought to fly by my eyes is "S's over N's" (S&P outperformance of NDX).

The purist would say the tape would have to test the downside before a rally---but if this bear market has done anything, it's redefined the rules. Jugglin' like a clown....be back.

R.P

Long QQQ calls


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