Put Your Hands Up and that Chart Where I Can See It

The legions of zombie Technical traders is reminiscent of the scenes in Will Smith's Legend that take place near NYC's Grand Central Station. Oh rest assured, these zombies are not your garden variety. They are indeed smart individuals. They read the best blogs with a fierce intensity. Oh, and do they read a ton of them!! How do I know? Many of them were once twitter follows of mine, and they made sure to fill my feed with every link imaginable: CRE downfall, Ghost Ships of the Baltic, Regional Bank doom, male pattern baldness, and my fave, 'Even a Monkey can Short Stocks'.

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Brief Stock Market Commentary

The overdue pull back we have been waiting for finally came to fruition and I thought that earnings season could be the catalyst to get this thing moving. One thing that has really bothered me is the lack of volume this week. I know this is a holiday week and a lot of traders take the week off to get an extended holiday (markets closed Friday), but this is really light volume going into earnings. I am hearing a lot of troubling things that so many people are sweeping under the rug.

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