No Drama, no problem

Some days, the market can give you an easy "punch line" to summerize the action of the day, some days, It simply draw a blank.   It might be that I do not have enough time to plug in to the market and missed its rhythm, it also could be what it is that peole take an "wait and see" attitude and nothing interesting happened.

Indeed, volumn was low and major indexes essentially ended flat today.  Technically speaking, there is nothing important to report as well, no major trendline is broken, no extreme reading is rejstered. 

Except that, market has overcame some bad news in consumer's confidence and House price and reverse the early loss.  It is significant in that the "fear premium" has been taken out that people are actaully willing to hold their shares and also that people take advantage of any dip to add to their positions.

There is nothing to change our view that market is in a range (12000-127500).  Since DJIA is at 12500, closer to its high bound than its low bound, maybe the easy gain are already made, going forward in next few days, the gain can only be made by being in the right place at right time.

If we see some dip in the next day or two, I would definitely take advantage of that and buy on the dip, especially for technology sectors.

One thing interesting is that XBH is recovered completely, XLF is in the verge to break its trendline.  Since there two sectors are the two pillars of current crisis, maybe, a total recovery will be in store once xlf catch up with XHB. 

TLT get a little break today, but longer term, with such low yield, it is just simply not sustainable.

DBA comes back, it has been down quite a bit from its high, with a key wheat report next week (?), we may see some recovery before that report.

Anyways, it is a change for the market to be quiet for a day or two after so much volatilities,  and it has been good