For bull, it was a good day. Even though the selling towards the end of the session was a little discouraging, it was nevertheless an up day. 1). the timely rebound of tech and especially smh provided renewed hope for the growth sectors. 2). the psychologic impace cannot be underestimated after consective down drift days.
For me personally, it is kind of bitter sweet. I found out this morning that my yesterday's blog has been put on the top of DQ while the pre-market was down sharply. I could not help but thinking that one of webmasters of DQ wanted to put me on the spot, otherwise, how could you explain why this particular post worth to be put on the top, I had better writtings before. At the end though, I felt like I am vidicated and I should have more belief on my own judgement.
On the normal circustance, we could declair that a mini-rally should be on the way, but this is no normal time. with all eyes on earning, we will definitely see some days of wild swings in the near future.
All major indexes are still in the trading range that is set at the end of the march. we have been basically go sideways. The good news is that smh seems posed to go higher, hopefully that will lead nasdaq higher. Also, VIX is lower, maybe we can begin to hold stocks a little longer.
Of course, we still need to pay attention to financials. without financial to stablize, it is hard to imagine the overall health of the market.
Any ways, hopefully, we could add on todays gain and have yet another good day tomorrow..
