Solars got a lift today on STP. Or was it just a bounce from yesterdays sell-off. who knows at this point. Itʻs still early in the day.
Tho negative sentiment continues. This morning Consumer spending worries into the holiday season has been forcing Retail to cut forecasts for the year end. The Phily FED guy says something today @12pmEST, so watch for some action thereafter, it looks to be that direction for the day to be more evident . options expiration tomorrow just adds more fuel to end this volatile week.
It looks as if bulls tried to scare off the bears at the end of yesterdays session... In any case a bounce today is expected.
Sub-prime write-down at Barclays actually less than expected. So, a firm bounce may carry til the end of the day...
It looks as if iʻm not going to be doing any trading today. Iʻm looking at the missed boat in CLX. Otherwise, my positions are bearish in my portfolio A (portfolio B stays in cash). Any rally here feels unsettling...
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