{+++} Let’s not get too happy yet, but today the market ripped the faces off the bears. Is the start of something big? I don’t know yet, BUT a solid follow through day tomorrow would make me think yes. It seems that Friday’s positive rhetoric about the fiscal cliff carried over to today and we also got some decent housing numbers.
AAPL pulled off a beauty today and actually led the market, a role that it has all but forgotten lately. GOOG came back nicely, and technology in general did very well. I won’t get into all the sectors, but let’s just say that there was good breadth and depth and it seemed that most sectors participated.
I took off some of the names from last night as they gapped through the triggers, you can revisit on pullbacks. I did trigger ORCL and ARMH.
Today was a great day for the bulls, but nothing has really had time to set up on the charts yet, so tomorrow will be an important day. Remember, that as bullish as today looked, one day does not a trend change make.
See you guys in the morning.