Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Doesn’t usually bode well for the next morning. But they finally came and got Priceline today…and Apple a touch. A painful morning tomorrow would actually be constructive. And it would line up well with “I want to give you free money” Yellen speaking tomorrow night.
The technical picture still looks fine in the long run but with Spain out there, any serious bad news in bonds will overwhelm technicals. And to muck things up further, earnings season begins in earnest Friday with a few key banks. At least it’s far more interesting than the past few months.
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Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
