Some powerful intraday volatility swings left most of the Rotator components sucking eggs (as the colorful saying goes). Gold and oil continue to be the biggest losers while XLB and DBC (basically crude futures) fall in tandem. So far TLT is hanging tough so our note of caution on the PDQ yesterday was warranted. SMH is the one ray of bullish hope going forward short term after being in the red early on and falling to 35.74 it rallied straight up at mid day to close the day in the green (which is where it opened). The big volume buzz for the day was GLD, which, at mid day was a dollar lower than where it closed. Despite the afternoon rally the NYAD closed at .46, not exactly a bullish value. Small POMO Thursday and Friday, so not a lot of underlying uuuuuumpf on hand until next week.
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