Markets negated yesterdays late day sell off and rallied hard after opening lower. Internals were very strong and volume was heavier a bit so over all this was a strong up day and should not be discounted. Sector wise everything was up today let by homebuilders and materials.
Personally it wasnt a good day for me today as I had to cover short on SBH at open after the upgrade and then JRCC which was acting weak all day picked up late in day and had to cover that too.
It looks like we probably may enter summer doldrum period of sideways market action and it could be time for buying dips and selling rips.
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