We'll find out by tomorrow's close. Reminds me of the bullish hammer day last Thursday and subsequent slide next session on Friday, only to repeat the process. Buying the bottom of each session as the VIX spiked above 34.00 was lucrative then if we sold hours or even minutes later. A rocky start could begin the end.
Companies continue to jockey for position to pre-warn in staccato fashion.
Lining up in batches these days and we haven't even begun to approach confession period. Thursday's final hour sure triggered a round of buying action the likes of which we haven't seen in exactly four session. Blocks and blocks of QQQ, OEX and SPX calls cleared for six and seven- figure plays. Up-volume was brisk from the bottom to close as well. Just when sentiment couldn't get more bearish, IBM is rumored to say boo and money pours into the market.