Random Thoughts


Tuesday was a bit of the good, the bad, and the ugly.

The Quack sold off a tiny bit. So far, it only appears to pulling back from its recent persistent breakout from a base.

The Ps sold off fairly hard but were able to recover to close off their worst levels. For the day, they lost a little around 1/3%. This action keeps them stuck in a sideways range. Net net, they haven't made any progress since mid-November. This isn't the end of the world but as a momentum guy, I'd sure like to see new highs.

The Rusty probed into its prior breakout levels before recovering. Nevertheless, it still ended down around ?%.

The Rusty reflected what happened internally. The selling was fairly broad based.

The Banks got whacked pretty hard. The Regionals still look pretty good here-so far they only appear to be pullback back. However, any additional weakness would be concerning.

There was some ugliness out there. Krispy Kreme Doughnuts got whacked over 20%--I think they found out that I was on a low carb diet.