Another Afternoon Bounce

A sharp bounce off an attempted selloff. Why should today be any different? Looking at the chart, we may be getting a bit of a rounding top, but still nothing screaming "Short me! Short me now!" The time will come, but the problem is that having a trade thesis without having a catalyst is like having a joke without a punch line. In the end, you are left waiting and disappointed.

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At this point, shorts must feel like Sisyphus. Every push by them against the hill they are fighting results in more resistance, more pain, and finally, a big boulder rolling right over them. It's just a tough fight right now without any short-term catalysts which seem meaningful....295 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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