This is the first day in weeks where the market open down and went lower without a bounce by noon. It seems that the weak economic data followed some doubtful data yesterday, has taken some wind out of the rally. This pullback is needed in a big way. The action was straight up with speculative stocks running out of control. AIG 13 to 29 in 2days? Ring Ring. Alarm bells go off.
I will just sit and observe the issues that hold up the best and have the largest bounces like STEC. Also a new stock has come across my radar GRRF. This company is up big on good volume after stellar earnings. The daily chart looks great two with a cup and handle breakout. I will watch to see if the momentum and volume continue.
Meanwhile, I notice that some squirrel became famous overnight by jumping in front of a camera of some couple on vacation in Alaska. While I thought this was a funny I did think it was just a fluke. But now the squirrel is popping up in photos all over the world. When with this media hungry rodent stop? This picture hog is socking away camera time like a squirrel hoarding nuts.
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