45 minutes into the day and SMH is actually looking better than shown on the dashboard (now green). The Volume BUZZ was a lot higher in SMH at the open as it led the pack. Closing our SHORT TLT position was a smart move and we’re looking for a new (safer) short entry down the line. A few pockets of strength such as retail standout, but the financials are weak and materials are on a trading ledge. EEM was of interest to me yesterday but my Long bias straddle did not fill and dumb luck save me once again from an otherwise expensive excursion. It’s Friday, a typical red day, so I’m not enthusiastic about a big rally…which means we’ll probably surge 200 points.
Related posts:
