Thursday, January 15, 2015

More of the Same + a new BUZZ.....01.15.15

We revisited many of yesterday's lows today, as the market commonly does during periods of persistent selling.  Options expiration tomorrow and statistically the odds favor a weak close although we may see strength at the open.  It's only noon so we may see some buying into the last hour but earnings reports are still what's driving prices and there's still a lot of them to report so the froth could continue for a while.
Meanwhile I've revised the morning BUZZ link to more fully reflect the bigger picture of market dynamics,  The link is free, of course, and is provided courtesy of Worden Bros, at 7 AM PST each morning.  See the legend on the site for column descriptions.  I've included the current short interest ratio for each component as a additional measure of sentiment (and risk).