After a surprise run up yesterday, the bears finally managed to produce some post option expiration weakness. Strength in Apple and Amazon kept the NASDAQ-100 green, while the other indices managed to finish well off their midday lows. There was no rush for the exits and the buyers continuously showed up after some midday sideway consolidation. We are still in an uptrend, and today’s little drop did nothing to change that. One can miss out on a lot of good trading while waiting for the next shoe to drop and buying the dips off the morning low continues to work.
