There’s No Predicting the Opening…

Those who remained short at the close yesterday could not have felt very comfortable, considering that the broad averages were closing on their highs without having pulled back much intraday. Still, you never know.  Mr. Market greets each new day with no emotional attachment to whatever it was traders were feeling on the previous day.  We’re short DIA in any case — tied, as always, to a very tight stop-loss.