I was going to post a follow up to yesterday’s column (where I said the evidence was not yet decisive one way or the other) but am waiting for the close today. Will it stick or accelerate into the close? or will it reverse in the final “pro” hour (vs. the first hour dedicated to amateurs).
Here is a longer-term tidbit for you.
The Dow Transports are up 8% today (3:25 ET) while oil is up 8.8%. Strong trannies in the face of rising oil means something and that something is fundamentally bullish.
There, I used the F word.
