After this morning’s “insta-dump” of everything, the markets have utterly and completely turned around. That’s not great news for me, but let’s just say I don’t have any regrets about not being super-short (to say nothing of the fact I sold my QQQ puts yesterday). The ES has done the following about-face:
And the NASDAQ even moreso, pushing well above yesterday:
And as if the bulls needed any more fuel, crude oil exploded higher after this morning’s inventory report. So, all in all, a great day for the bullish set thus far.