That was a surprise..especially ahead of the jobs report...but if there's one thing you can count on its to expect the unexpected from the markets. Note the TrendX SPY chart in the right side panel...it sure looks like a bottoming panel is forming although we still have a 1000 points to recoup to match previous DOW highs.
M3 closed with SSO in the top ranking...not a confirmed bull at this point.
And, keeping with our theme of the unexpected....
SCHE and EEM (emerging markets) were some of the biggest gainers today...following widespread articles in the media proclaiming the emerging markets to have dismal prospects and high risk for at least the next six months. Go figure.
