Interesting day - even though the market wanted to sell off it couldn't because too many stocks were already sold - remember last night's up/down ratio. The up/down ratio is the key to the following day especially when it is printing below 40.
Before I left to play golf I bought back a portion of AKS (25%) and it went up from where I bought it at the bottom of the day. I'm still holding a half load of GGB and won't add until after earnings. Although I'm still not sure I will hold it through earnings - it isn't behaving correctly and I'm concerned.
The model portfolio appears to be getting tired - it went down again today to 12.08% while the benchmark moved up some to 5.9%.
The three amigos behaved poorly as well. GOOG keeps dropping and AAPL is back below 100 and MSFT remains range bound. That doesn't really bode well for the coming months that when the market goes up these three go nowhere.
The VIX is back to neutral as is the up/down ratio and the only thing we have going for us right now but it isn't really showing much is the NewMoMo -
The INDU ATR is back to 100.01 and so the rally will continue.
My forecast for tomorrow - another up day - after all the 401K money is starting to flow into the market again.
The coin says --- heads - also an up day.
Well the coin and I both nailed it so the score is now Marlyn 28 - 28 and 12 and the coin is 32 - 24 and 12.
Good trading on the morrow.