The market gapped up this morning with both financials and semis up over 1% Breath is around 5-1 but the trin started out at .50 and has been rising and is now .90.
Combining that with the fact that this is a fed day leads me to believe that a pullback is highly likely. Although as with sports betting swing trading is playing the percentages with only slight edges.
We are still in utx which is trading at 52.13 giving us a small loss. I will monitor this and in all likelyhood will be out before the fmoc announcement.
RickJ
Rickjshandicappingpicks.blogspot.com
