Now we await dip buyers and wonder how low the McClellan Oscillator can go before we reverse sharply. End of month tape painters are missing so far. This just won’t do! Bullish portfolio managers, and certainly the always bullish financial media, must find a negative month unacceptable.
Evidently a dollar rally is not a welcome event for bulls. The bottom line is Bucky hasn’t rallied that much yet. It’s just an oversold rally as best we can tell. But, we’ll see how it goes.
There’s not much excitement in after hours trading unless you’re a bear on First Solar (NASDAQ:FSLR).
Tomorrow GDP and Jobless Claims are upon us. And, guess what? Turbo Tim will be speaking and trying to spin things as best he can.
Let’s see what happens and you can follow our pithy comments on twitter.
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