Third Day in a Row of Up Morning and Power Slam Selling to Follow « Market Montage

Very strange to see the exact same pattern play out repeatedly but this is the third day in a row they ran em up in the first hour only to see power selling to come in by mid day.  Perhaps if there was not the overnight buying each day we wouldn't get this pattern.

The S&P 500 is on its 4th day below the April 2012 highs of 1422 – while the NASDAQ is on its 4th day hovering over the 200 day moving average.  A tight range, and sooner or later it is going to break one way or the other – I thought Apple would be the catalyst to do so but not so much.

Disclosure Notice

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