T/A ETF AND INDEX

[capt_jmj]

Poker's wave three washout may be closer than anyone suspects. Markets are rallying off the pullback in oil, but Alcoa kicks off the earnings season tomorrow, and I can't imagine that energy costs have not had an impact on most companies' bottom lines. Our adaptation of Scamman's Rule of Three for P/C ratios is at -3 intraday (and the DJX is at a whopping 10.91), so something is definitely up. Today may be nothing more than a sucker's rally...