Going to be an interesting close – it appeared on the 2nd break above 1435 on the S&P 500 (last Wednesday being the first) it would be more "sticky" than this but today's selloff is more intense than one would expect. This takes away a lot of the "cushion" this index had earlier today – a close below 1435 (those November highs this index has been fighting all months against) in the coming days is going to make for a lot of indecision. Keep in mind the gap ups earlier this week have created two gaps to fill.
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