Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Weak mornings and strong afternoons are usually a good sign and despite not going anywhere since Jan 2, this is has been the pattern of late including today. S&P 1472 has been a brick wall the past 3 sessions as the intraday high and currently is where the market sits. Tomorrow morning JPMorgan and Goldman Sachs report which should set the tone, but while this market is not advancing, it isn’t selling off either. This action is all the more remarkable as Apple swirls down the toilet bowl.
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Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
