The bulls took control today, on negative data in unemployment and an upmove in metals and banking. UNG continues to fall. The VIX is back inside the Bollinger bands around 27. The trend...still in an upmove, but wanting to range as caution seems to be indicating a hold. Some might read recent movement as indication of a return back to the bear market. While I believe the underlying current in fundamental data is more bearish than bullish, the trend says to play a bullish to stagnant trend with technical and sentimental due diligence. Summary: Play the trend but keep your reserve handy. |