Tuesday, August 9, 2011

5.5% Move in the S&P 500 Since 2:40 PM

That's the vicious countertrend move people have been trying to catch for days.  The fact that it happened in a 80 minute span is quite neck spinning!

If you are looking at what merchandise to buy on an individual basis, you want to see what is leading on a day like this.  I see a lot of same familiar momo names leading the charge.

EDIT 3:59 PM - try +6.1%!

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