Market: I said yesterday: " The bizarro buys are still in play on the NDX and SOX. Hard to imagine them playing out here at all given what has happened the past few days, but they are still quite possible and strange as it may seem...they are probable still to me. If an obscene rally fails to show by Friday, then something else is going on. And that something else is the NDX top and correction I spoke about earlier in the month. (Looks like we topped within ten trading days as outlined). Now the rally I suspect then may prove to be countertrend then and not quite test the highs. That to me seems more likely now."
Bizarro buys working well here as the obscene rally showed up! Sox is retesting its high as suggested days ago. SMH is not because of INTC composition. Not sure if SMH makes it. NDX is pushing the envelope too as suggested.
And, as suggested this moring before open, I think SPX meets or exceeds its highs of last week within days.
Back into NEM short.
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