Markets continued their pullback this morning, but began to rally mid-morning.
So far, our last resistance/now support at 1407 SP500 has held in spite of another jump in oil prices.
Over all markets are performing remarkably well during this period where I expected to see more of a marked decline after the rise over the last few weeks.
Nothing to do here buy bide your time and stay invested as our intermediate (3 month) term indicators are still in a buying mode and we did see strong accumulation on our PCI yesterday.
All of the new Tradesniffer plays from last night are doing well at this point and FNM and FRE both got a bump this morning of better than 5% for the equity.
