Day Summary

Seems like rally is running out of steam as we are in some major resistance zone. Short term I think we may chop around here or may start to rollover again. But there are plenty of longs who are now performing well including my favorites for last two weeks WMT and RYL which still look ok if they pull back for entry. I also like XLB, AMX, WFT on a pull back. Over all across the board there is not a single market(commodities/bonds/currencies/equities) which is worth swing trading right now, most of them are in day trading mode so its better to sit aside and keep the powder dry or be on your toes in getting in and out of the market.