In essentially 2.5 sessions half of the June rally has been wiped out; showing how quickly these gains can disappear when the market is not stable. We are the 50% retrace (obviously) of the 1266 to 1363 move. Any break of the 61.8% retrace (1303) would be a quite poor sign.
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