usually they like to put one good push up like tuesday to unload their positions and squeeze the shorts a bit , just the reverse of shaking out the longs on a sell-off bottom ....and they did a pretty good job of it .
But the SMH was definitely OB on the 60min...
alot of the steels and cylclicals were pretty OS though , now they'll be doing rotations to fit the data criteria , and have to analyze the spending in this latest "back to school" rally to gauge the upcoming holiday spending with weakened housing etc .
Cramer blew another call =MATK ...really blew their guidance .
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