Since the mid November low, corrections have only lasted two days. You can see it in the chart below. After breaking over key levels yesterday we are seeing mild digestion today. If the pattern holds tomorrow is another day of pullback and then back to Merry Christmas. Is it too obvious?
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