An ideal buy point for Tuesday on a trading basis would have been a down open.
Read More »
Stocks drifted most of the day until what looks like a "Market On Close" buy program goosed the market.
Last week, we offered that an hourly S&P for February 2013 looked like a fractal of the dailies from July through October 2007.
Sentiment is very bearish and there has been enormous arbitrage at the 1400 level.
This could be a bigger signal than the shoe shine guy giving you stock tips.