|Day Low/High||14.06 / 14.82|
|52 Wk Low/High||10.40 / 15.30|
Chipotle, Wendy's on the bull side and gold stocks on the bear side.
The Friday action was so surprising that many were poorly positioned -- and they are still scrambling to reposition.
As usual, market bounces back from a weak opening.
Big funds are trying to catch sector moves quickly.
Wait for some weakness before giving this market a try.
But my goal at this point is to simply manage positions that I have.
Bad market action is what allows good traders to produce superior results.
In a market driven by computer manipulation, there's no knowing what's next.
Low volume, scant price movement and lack of fear suggest that we're at a top.