Partly short covering, mostly buyers looking for bargains.

I don’t think this upswing is overwith. We need to go higher today so that it can make a pullback over the next two days. However, we have to close higher than 1553 for that pattern to occur imo. Bernake speaks today and I think it has the potential to cut both ways. It can hurt or help the market go even higher. I think it won’t matter though and the market will move higher.

The beta portfolio had a great day yesterday, but is giving back some gains today.

Thanks for reading

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