It’s scary how well technical indicators work sometimes. The indices bounced off of those trend lines I drew yesterday as if they were trampolines. The market gapped up at the open and never looked back. So it was an impressive end to the week. The weekly performance wasn’t so impressive though. The S&P was up 0.36%, the Naz was up 1.15%, and the Dow was up 0.26%. So although it felt like a lot happened this week, that wasn’t really the case. The bulls will happily point out that we are holding on to all the gains of the last several weeks, and I’m not one to argue with that viewpoint. But I still want my dip so I can find some more attractive buys. Oh well… Next week is options expiration, so that should give us some impetus.
