Short-term bottom revisited?

well i took some longs in a couple dow stocks this week and i'm not stopped out yet, so we will see

 

At this point, I think the SPX could rally back to resistance at 875. The SOX has tailed up on the daily and breadth on the SPX is pretty darn good. Also, the bad news from AMAT has failed to ignite much selling in the Nazz, which is a bullish sign.

But, as I said before, this is not "the" bottom.

Tycoon

 

definitely looking good today, time to start the upswing. EK is bouncing hard and helping the dow.