Monday’s short squeeze rally was more timid than I had anticipated, failing to bring the future back, even, to unchanged after a moderate selloff overnight. DaBoyz’ hopes of triggering off a powerful wave or two of short-covering to end the year are fading fast, since bears show no evidence of being intimidated. If strongly bullish seasonality were factored out, we might have expected the Dow Industrials to fall 200-300 points. As things stand, portfolio managers will be lucky merely to maintain altitude for the remaining trading sessions of 2015.
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Lets not have that ‘5’ year thing break as not being an up year and all.
🙂 …how many issues are now under their 200 DMA?