Interestingly, that large sale was darn near the bottom of today’s move. I couldn’t pass that up and took another nibble right afterwards.
Today’s candle is hammer-ish and the move into the close is encouraging, especially when compared to the overall market weakness during the same period (and we moved up on increasing volume).
With the delay in congress now clearly out in the open, I’m kind of wondering what other bad (macro) news could still be out there for the sector?
(I think) the rotation out of the sector is probably winding down. I’d really like to see some news organization do a piece on how hammered the sector has gotten over the recent few weeks. Then I’d know it’s time to back up the truck.
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