Tomorrow and the next few days if we can continue this strength … I might just change my previous negative bias.
One day’s strength does not make a trend change, but certainly this is one of the first days I have seen some real interest in buying. Volume was decent in the general markets, not great, but encouraging.
Too early to decide if we go up from here, but I certainly am more much less bearish today than yesterday. Caution is still very much warranted at this point.