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Another planting of a story, fake or not, saves the day for the market yesterday and enables futures to be up a wee bit this morning…though NASDAQ futures down because of AAPL.

 

Forgetting the “in plain sight” fraud, markets remain in range with bias to the downside out of this range. If the range is broken to the downside, expect some nasty…regardless of the fed.

 

All this noise prevents me from shorting right now. You saw what happened yesterday in just a couple of minutes…and I refuse to walk into a fed-induced gap being short…so we sit, relax and let everyone else get carved up.

 

 

I just got in as I had early meeting and will email you midday if anything happens.

 

TRIP,AAPL,NFLX,BWLD,LO gapping down.

 

 

CAT and BA really helping DOW on open. RVBD,LL, TPX,ALXN,BRCM,JNPR gapping up.