Another Fine Day for the Bulls

It was another fine day for the bulls as bad news out of China yesterday was offset by good news out of China today. It was a low-volume bounce, but since when does that matter? Good earnings reports helped the bullish cause as well, with strong reports from Amazon (AMZN) and Microsoft (MSFT) this evening.

The trend to the upside remains quite strong but I was a heavy net seller today as the action in a number of individual stocks struck me as weak. As I've often pointed out, anticipatory bearishness like that hasn't worked well, but I need to reset a bit mentally after a high level of activity lately....1091 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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