Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Tuesday, June 9, 2009

Underperformers


UnderPerfoming sectors 2 out of the last 3 sessions.

Gold Mining
Materials
Staples
Consumer discressionary
Retail
Transports.

Of note is that Metals and mining, and Energy have only underperformed 1 of 3 sessions.

and no sector has underperformed 3 of 3 or outperformed. 3 of 3.

Another interesting thing today is that we had nice little bounce in banks....

Someone was providing the thesis that there would be some rotation into tech.... I wonder if that is wishful thinking at this point....

Did I mention that I'd find it more encouraging if we opened flat on the futures and sold off...

Also... one can say that we now don't need to "Gap Fill"

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