In order for markets to continue higher, pullbacks are preferable. They work off overbought conditions. They wipe the smiles off bulls faces. They build better bases. Looks like we may be getting one here. Anything is possible but we expect any pullback to be controlled and rotational at this juncture. The one area that pulled in most was the SEMIS as the group was juiced on a big buyout. The groups still looks fine.
For a change, really didn’t see any changes that stuck out today so nothing to report. With the fake employment number coming up Friday, we do expect some jello moving on the plate.