Re: coolhand's Account Talk
Originally Posted by
coolhand
Yesterday, I said we had to allow for some additional downside action, but that dips should still be bought as this remains a bull market. We obviously got more selling, and while it was more than I would have expected, it was not over-the-top by any means. This actually gives us a better set-up for a rally post SOTU.
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And a rally is likely given the bullish options this evening. Breadth is now negative, but the A/D line is holding up rather well. This is typically when we have seen turns before.
It will be interesting to see how futures fare in the night session.
And me with some dry powder ...humm, 12 noon sucks as a decision point
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