It seems we had finally started to see the light at the end of the tunnel when markets started the day with a roar early morning but the selling in the later part of the day and the fact that the nasdaq closed in red still shows there is lot of nervousness around there. The squeeze still continues but bears are losing time now if they dont start making the push to downside.
We took partial profits in CSCO today. EQT still acting fine and holding near the highs.
Gold was down substantially today and Oil was down too. The fact that gold is decoupling from dollar looks to me that gold rally is far from done yet and any dip on weekly charts should be a buying opportunity. But gold is a little overbought and I would wait on gold for few days.
Keeping an eye on ULBI for tomorrow.
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