Monday, March 8, 2010

03.08.10 - Heavy Trade "for a Monday"

Overbought conditions seem to be weighing the S&P 500 down a bit considering it's "Magic Monday"; although you wouldn't notice that looking at the Quad-Qs.  Internals meanwhile are running in range-day fashion.  With no catalysts in sight, I am therefore neutral (intraday) to just slightly bearish (daily bars).

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