Pausing

Well we gaped lower and pretty much have been down a little with lackluster action outside of BOOM and that CAFE deal. Boom has a big short position and tends to trade very whippy as evident with the open. It ran reversed in a minute, went red then an hour later took out all time high! Cafe was the buy at the open with the Walmart news. Fairly thin deal so the mo mo people will talk it up and was rewarding off the get go. Where it goes from here who knows. Have to look at the volume throughout the day to see if this is more than a one day wonder.

DSTI looks like an inside day and oil seems to be popping ABLE and GEOI. DSTI went through the previous all time high but failed to carry though. The stock trades like this though. Big pops and drops and head fakes. Seems to be more of a swing trade type stock than an intraday trader.

Markets technically are still overbought shorterm as shown by some key technical indicators such as trading outside the bollingers. SMH etc. But so far no real selling so if we pause a couple days, we might build on the rally. Of course if oil keeps going up, all bets are up. That is the problem with this market, it' that damn oil. If oil was 40 or 50bucks a share, we probably would be at a new year high, but everytime we get some mo mo, oil rears it's ugly head.