The Professor highlights the unusual market action today December 12, 2013
Posted by professor at December 12th, 2013
I checked in with the Professor twice today, and he’s still not seeing much. It’s a very unusual trading day because the Dow is down big, but a lot of tech stocks on the NASDAQ, including AAPL, are actually up! Amazing!!
So while the number of shorts highlighted by The Professor continues to increase, the number still has not risen to the point where I can call an overall downtrend in the market.
This unusual development is telling me that a lot of rotation is going on, which bodes well for a future rally once the current correction completes