Good Morning Ike:
Thankyou for your synopsis about the current state of affairs! You know I agree with your evaluation, particularly in regards to the SOXX, RUT,DDX, and BKX! Hopefully we can see a close above 14,100 on Nikkei, and let that trade run a bit higher. Will be watching closely and am out if we fail at that level!
With regards to SOXX, I'm looking for a broadening out in short order! Many of the bigger companies are selling at a significant premium to some of the small and mid-cap's. I'm seeing some of these companies as solid turnaround plays, that the market hasn't caught on to yet. I assume this agrees with your opinion on the RUT as many of the companies fall in this index!
Once again, thankyou for your insightful analysis! This thread is second to no other IMO, because we are simply traders, not guru's with pre-concieved notions. I'm sure they'll come a time soon when we predominantly play from the short side, but did we ever let those trades run on the way up! All the best Ike!
Regards,
Kevin |
