I got my rest - didn't do much but play with my new toy - Quote Tracker. I'm pretty pleased with it so far and I think that once I have it completely set-up to my way of doing things I'll be a lot happier with it.
I did manage to double up on TLB and I sold off SOFO for a small loss. I just can't stand cheap stocks - they only go one direction rapidly and that is down. I published my whine about CRI this morning, at one time it was up over 2 bucks and finished the day about 70 cents to the good. The three Amigos, GOOG, MSFT, and AAPL were all up strong today as was small cap in general. But I'm still confused with the Q's - I don't think that spike down yesterday in the last minute was real - I'm wondering what's going to happen once the settlements start coming in. Aside from the tech most of the more mundane stocks didn't do much except bounce around all day.
For tomorrow I think we stay down. Even though the up/down ratio is at 42% that still isn't low enough to make a real difference - the INDU ATR is 80.48 so it is sliding out from below the 80 barrier for the first time in several days. This is consistent with this indicator as you may recall from the chart - there is always a delayed reaction to its going under 80 and then it always pulls out a day or two ahead of the market resuming the upward direction. I wouldn't be surprised to have another 30 or 40 points down tomorrow before resuming the upward trajectory on Friday.
The NewMOMO indicator continues to suggest a down market (except for small caps)
Because the market was so solidly mixed today I'm calling it yet one more tie - and this gets more and more bizarre as we go along. The possibility of a mixed market really doesn't exist up until this year when we seem to be having one every week or so. I'm not sure what that means but I'm not sure I like it - either the market as a whole goes up or the market as a whole goes down - this part up - part down doesn't make a lot of sense. I'll discuss this in more depth in another post and I think you will agree with me.
The coin is calling for a down day tomorrow also. So that makes two of us in the universe.
The score is Marlyn 13 - 10 and 5 and the coin is 10 - 13 and 5. Too many ties.