Markets were doing fine yesterday, especially the small caps whihc continued to outperform.
The weakest were still the NQ8/NQ100 stocks.
Index investors are however still buying.
The Yen pulled back yesterday, which is equties bullish, but the trend is still up.
Treasuries are still under accumulation.
On a side story, gold is to be avoided as it is undirectional and going through conficting forces.
Conclusions:
Nothing much to conclude here: just stay long.
There are however a few interesting stocks that could be shorted. For example, I opened a 1/2 RACE short position yesterday.
