Thursday, February 11, 2016

Good day in the market but not rejoicing yet

What we needed was for the market to go below 1812 and end up sharply higher.  It did go below by 2 points.  I think I would have liked it a little lower but it did go below.  It rebounded nicely.  A would have liked it to close a little higher.  But the day qualifies.

Now for Friday.  Fridays have been bad for the market as people don't want to be in the market over the weekend and be subjected to bad news, particularly from China.  Friday needs to be relatively strong.

One advantage is the gap down today.  The market likes to close gaps.  I guess I am grasping for straws.


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