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Well they tried, they really did. They pushed and pushed but they
came up short, not taking out the all time highs.
So do they try it again tomorrow? Probably. It makes more sense for
them to pull it off on a Friday ahead of the
To say this move has caught me off guard would be quite the
understatement. I suggested this morning that I thought we'd have a
green day. I had NO CLUE we'd have a 170 point green day.
Now consider what we've seen lately. The
Every day for the past week I've been able to write "an
interesting session here today" and today is no different. Over in
Europe their index's are blood red. Germany down 180, Spain down
260, etc. Yet we opened big and went higher. Then while
What a strange day. They keep telling us that it is all about
Italy, but I'm not certain of that.
In any event the Euro fell like a rock, the dollar gained and that
always brings stocks down.
What to think? Hmm. We roared out of the gate and then settled
back some and have since then just hovered for the last half hour.
We have the DOW up about 40, and its been there for a while
I haven't done
Have you watched the action today? They have tried and tried to
defend that 13860 level, getting above it at times and losing it at
times. Right now we're at 13876 so that's a victory so far and I
suppose heading into the close the short covering
This is hysterical. The Fed's minutes from the last meeting just
hit and according to them, everything is looking great. They say
wages soared, they say activity increased across the board. They
said all kinds of things... which of course brought all the bulls
out on CNBC
The fight is on!
They have kept the market up all day despite a handful of stocks
that have tried to weigh it down. Looking at the DOW, it is holding
above the 14025 level we want to see it close over, although right
You just saw the incredible power of "sector rotation". Yesterday
SLB went from a lot of 78.15 to hit 82.00. Today it opens at about
81.40 and fell all the way back to 79.90. Yesterday they
piled into energy, today they fled the scene. If
Well, we've had quite a turn around on our SLB and SPN....
sometimes you simply have to hold through some nasty wiggles. Of
course that begs the question.. do we keep them or ring the
We're up two dollars a share, or a
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