I just wanted to point out, that I typically do not day trade the market. On occasion there's blatant set-ups that are scalped, but primarily I look for bigger trends. I believe we are going to experience the next leg shortly. Very shortly.
In the bulls favor is short-term momentum, government intervention and anxious hedge fund managers eager to close the performance differential before the year end.
In the bears favor is headwinds created by currency dislocations, commodity dislocations and under-performance of the markets technical leaders - banks (BKX) & transports ($Tran).
Some loosely compiled stats from the November 21st low:
Small Caps + 24%
Big Caps +17%
Tech + 16%
Banks + 15%
Transports + 12%
Silver + 19%
Gold + 13%
Oil - 26%
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