Wednesday, April 9, 2014

April 9, 2014, Bounce continues

Two days ago I suggested that  a reversal of selling was likely .  I bought some FB and GTAT for quick trades.  The bounce has continued.  Through today and picked up some momentum after Fed Minutes.  Nasdaq was + 70.91

I'm not convinced that this bounce is anything more than a relief rally.  Breadth indicators like the hi/low  are not showing board participation.  I am using the bounce to initiate some short positions.

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