This is the market today per Yahoo Finance:
A loss of excitement for Ireland's financial aid request left the stock market to drop more than 1%, but technical support provided a base for a rebound that helped the broader market slash its loss and the Nasdaq Composite stage a nice gain.
Okay, this is quite a mouthful. But “a loss of excitement?” LOL!
We’re in Thanksgiving week, so the pattern is a rally Tuesday through Friday. But… This market didn’t sell off in September or October, as the historical pattern. Who knows? I think we’ll continue to see a light-volume retest until we go back and retest the lows from the move down last week. Unfortunately, I think we’re due for a frustrating trading range.
I remain long, but plan on reducing beta should we rally lightly into Friday.
I also plan on voting for Bristol Palin. Just because!