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Confirmation

BY BOB BARNES | JUNE 21, 2011 | 12:08 PM | 0 COMMENTS

 

An hour into today’s session looks a lot more positive than yesterday’s close.  We’re seeing some Volume Buzz in TLT (to the downside) while IWM (bit of a surprise), XLE and SMH are all showing accumulation.  The NYAD is 30% upslope after the usual 15 minute pullback that head faked the opening gap traders.  Rollers are green and running (always bullish) so I’m on board till the conductor waves me off. GDX at 52 was an easy BUY and its paying off today (1/3 ATR trailing stop).  Tomorrow I will review the hairy bottom pattern that my BFFs know is a high probability Lazy Man signal.



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