It's alright if you love me
It's alright if you don't
I'm not afraid of you running away honey
I've got this feeling you wont
The war games continue as the Minx grinds her way through another session and Snapper has peeked his beak out to take a look. I told our resident turtle to be careful---with the breadth 3:1 negative, the banks down 3% and S&P 820 (past support) looming as resistance, I'm more in the "fade rallies" camp.
As a matter of fact, with the intraday stochastics edging towards their first overbought reading of the day, I'm going to slip one leg into the bear costume (25% conviction on the short side). If we poke through S&P 820, I'll take a fresh look.
Lemme hop and get this too you in a timely fashion. I'll be back.
Daily Recap Newsletter