Markets are range bound and bulls dont have that much power. Gaps are being faded now whichi s clealr different behavior from few weeks ago where every gap higher in morning was being bought. Alsobetter than expected jobs number friday was sold which is another change in mindset from few weeks ago where even bad news was being bought. But uptrend is still intact and playing from long side is advisable but with smaller size and tighter stops. After treasury auction at noon it looked like finally we are breaking down for good but bulls came back rigth into close and we made another doji day, more dojis we have and more days we hold 92.76 and above 200ma, more there is a chance that we continue this uptrend. Sectorwise commodities/oil kept on working while financials /retailers/reits lagged.
My porfolio did good because I am long individual stocks and short finacials/and commercial re as a hedge against my longs.
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