Reversal of a Reversal….Begining Another Reversal near the Close

The market reversed itself twice today. Now a new revesal has begun. At a key number too.

With a close above 1251 S&P we now look to break 1260, then 1271, and then 1283. Mind you with market Sybil here we could test the 1251 area and the 1235-45 area and then the 1216 -24 support level.

It would seem were finding some footing here in the 1250 range.

Looking at the [[ROM]] it was strong all day despite the volatility.

I have said this before [[DUG]] is an evil whore. She will screw you every time. I’m still long TSO for my oil correction phase. Let us pray oil gives us some  breathing room.

I still have the stomach, for now, to hold my UNH, SY, GLW, SNHY, & TSO.

 Days like today are great examples of making decisions in the first half hour and last half hour of trading.

This market action suggests that trading programs are both short and long the same stocks at the same time.

This one goes out to the banks: Have a great day.

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