Uh, Wow!!! By 9am eastern time I knew that the Spanish Bond sale went well enough and the markets were going to open to the positive. I did not see the 1.5% up move coming and neither did most traders. I still think it is way to early to say that we have seen the last of this correction but most of the news and earning reports this week have been positive. I would really like to see the markets return to the small incremental ups and downs because they are a lot easier to stomach. So as it stands tonight, I did not pull out of the market and will play it day to day until I feel confident that upside pressure really prevails.
Looks like not getting that break Monday by 12pm so I could bail out of the C and S paid me very nicely today. I made .5% of the 1.5% move in today. I didn’t get it all because of my distribution. I have 25% in the G.
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