Love this Mr. Churchill quote that came in the mailbox today. Seriously, so true. If I've not failed today, then I'm not trying my hardest!
Strong, institutional money came into the market today as volume exploded higher and money flow readings tanked. A very similar day printed like this February 25th. http://scott-trader.blogspot.com/2013/02/new-moon-madness.html But this day was followed by a quick and ferocious rebound!
Today COULD be different... We are short and staying short to see if a real correction comes into play.
As per usual, post a true trend day, we expect balanced action tomorrow. A low momentum look down below today's lows will be a long trade opportunity. But we stay fluid and see what comes our way. If volume comes in hard to confirm today's break, we go with it and gain further confidence that innovator sellers are in charge.
