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I did mention yesterday morning that Wednesday's trendline break didn't preclude a new high and obviously I was glad I did, even if that seemed a bit wishy-washy. I've watched that film before, though I was surprised to see a new high made so fast yesterday. That leaves us pretty much where we were on Wednesday morning, with the trendline break in the meantime as a significant sign of weakness. Trendline resistance is now in the 1365 SPX area:
In total, from the October 2011 lows, the Russell 2000 Index has led the Dow 30, S&P 500, and Nasdaq 100 indices higher in terms of percentages gained to date, as shown on the percentage comparison chart below.
Originally published on TheTechTrader.com.
Since I rarely travel, I don't have much experience planning ahead for my trips. Such was the case last Sunday evening, because as I headed toward the entrance of the airplane, I realized I didn't have a single bit of reading material.
I don't do well without something to read. I'm not going to watch a movie, and God knows I'm not going to spend four hours reading the in-flight magazine. My panic subsided when I saw the "Wi-Fi On Board" sticker on the outside of the jet. I was saved by Go-Go Wireless.
When heading home the next evening, as I headed toward my gate, I stopped myself and turned around to go to the book shop, because I wanted to make sure I had something interesting to read if the plane didn't have WiFi (which, it turned out, it did not).
Most airport book stores are crammed with the very latest business books which promise to make you a better worker at whatever job you've got, guaranteeing you a much bigger salary. ("Good to Great", "Emotional Equations", "Entreleadership", "Switch", and a myriad of other worthless drivel). I was heartened to see Michael Lewis' Boomerang, which is something I knew would interest me. So that's what I bought.
