Despite the nasty fade intraday on Wednesday, as well as the plummeting futures early last evening, the bears are the ones scrambling today. The market opened flattish, but has since been picking up steam on the long side. Once again, the key will be if the bulls can hold these gains through the New York lunch hour, unlike yesterday’s giveback.
As I indicated on my video market recap yesterday, the biggest issue with the market technically is that there is no issue. Despite the negative macro headlines for United States and European sovereign debts, the price action thus far has indicated that all of this is one big non-event.
Top Ideas: ACOM DELL MPEL SREV TDC
bulls scramblin now.
LoL