Random Thoughts


Each day you look at the market carefully. You study a handful of indices, several hundred sectors/ETFs, and most importantly, a few thousand stocks.

So what did the above tell me yesterday? Well, it was a mixed day (duh implied). Some areas banged out new highs, some areas sold off, and some areas didn't do much at all.

Commodities have lost steam. Energies are now back to where they were around 2 months ago. Metals & Mining are now trading back below were they were over 3 months ago.

The Banks which had broken out nicely in October have now given up all of those gains.

Insurance which was making new highs on Monday has pulled back into its base.