It sure has been a challenging week and we are glad it is over. The choppiness continued all throughout and today was another day full of mixed action. Gold bounced to lead the day and closed up over 4% while banks, health care, drugs and biotech also tacked on some
gains. The small caps finished in the green but under the surface some of the recent momentum winners took some whacks. Breadth finished positive on the day which is definitely encouraging going forward.

We have been a bit unhappy with our trading all week and despite some out performance today, it remained tough going. There seems to be a great number of unstable macro-economic variables in the environment with and having a majority of our stocks report earnings this week hasnt helped. We have had the feeling that we are being pushed around in an arbitrary fashion more than usual by Mr. Market and that has been the challenge.

The week is over and we are going to relax a bit, take a step back, evaluate the game plan and be ready to hit it hard again on Monday. The great thing about the market is that each and every day we have another opportunity to start fresh and put the past behind us. Well be looking to do just that this coming week.

Have a great weekend, and well see you back here early Monday morning.

RevShark