With Micron’s enormous advance this morning, semiconductor companies are on fire. Contrarian soul that I am, I’ve decided to sell into this strength, having shorted the ETF below.
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Tapping the Brakes?
Since it seems the fate of the free world depends on this stupid healthcare vote, let’s talk about something – ANYTHING – else!
Below is the front month of crude oil. As much as I’d like it to plunge into the abyss, what I “like” doesn’t have much say-so in market direction. It seems to me that the commodity is steadying itself at the trendline and could be preparing for a turnaround back to major resistance at about $52.30 or so. Just a thought.
For equities in general, though, I would simply offer this headline on ZH that just came up:
