Thursday, May 1, 2008
...to start the month out. Everything but consumer staples, energy and metals are participating. Glad I lightened up on those after yesterday's pull back, but still have exposure. Cumulative Tick shows no sign of letting up at the mid-day.
1:05PM CST UPDATE: Why the fade? There are at least a handful of technical reasons. While I still think we could challenge SPY $143-144 in the not too distant future, this would rely on firming or at least placid economics. Don't forget about jobs tomorrow morning!
Posted at 12:50 PM