The markets started lower, sharply on the large caps, but ended up marginally down. The Dow tagged the 20sma and bounced back up. The bulls are in control right now, absorbing any selling that occurs. The trend has weakened as follow throughs are more shallow and reversals a little more impulsive, but the path of least resistance remains higher for now. No charts tonight, but I wanted to mention a few blogs that I only recently started reading and I feel are worth checking out.
- Some might consider Bill Rempel a permabull, but he has been dead on with his bullish stance. He is very forthcoming with his analysis, and shows all his portfolio holdings on his blog and his public stockcharts.com list.
- Kevin's Market blog has great market analysis focusing on sectors and indices.
- There is a lot to digest at Phil's Stock World, but he offers a lot of interesting angles on the markets.
- OP at Option Pundit highlights several creative option strategies each day. I haven't seen too many sites that explain in detail their option plays.
- Adam's Daily Options Report is another options related blog that I make a point to check out. Great analysis here.
Also Dr. Steenbarger had a very interesting idea he is floating on his blog in order to gauge interest in the subject. Check it out and leave feedback if you're interested.
Good Luck,
DT
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