Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Some weeks/months it feels like you can type the same post every day. This is one of those periods. We have a moderate down open to begin the day as both JPMorgan (JPM) and Goldman Sachs (GS) did enough to not create major waves. Overnight the major news items were a drop in loan demand in China per their version of the beige book, and Tom Demark saying a short term bottom is in for Apple (AAPL) either yesterday or today – sees upside to $600. Other than that we’re in this infinite loops – S&P 1472ish has been a top for the past 4 days intraday.
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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
