Nasdaq and SP Rally
Chunky gains in Metals
Some decent equity buying off of last weeks drubbing. We like the prospect of a little relief here to work off some over sold levels. However we do not want to misconstrue the market, it is in a bear market and we expect rallies like this, in fact a run to 12k in the NQ wouldn’t surprise us over the next few weeks. For now the market has retraced the late drubbing last week:
