The Dip Evaporates

We'll, that sure didn't take long. After last week's feeble decline, we've just regained back that lost territory. Those Monday morning inflows must be quite large and I do wonder how much of this move has been generated by short-covering. The fear I'm hearing is being generated on expectations that we're set for a post-election rally. Given how shallow the pullbacks have been, that's very easy to understand.

Along with semiconductors, lots of strength can be found in transportation, hotels, precious and basic materials, restaurants, and gaming. As you know, I would have preferred some additional consolidation ahead of the news tomorrow, but apparently I'm alone on that view.

Stocks I'm tracking today include the following: ANTP, COGO, CHDX, SIGM, LPTH, DIVX, PSTI, NEU, FMCN, BMTI, LMRA, DTLK, QTWW, ESLR, MA, JOBS, XING, and MIKR. There continue to be attractive setups for the bold and brave, neither of which I am at the moment.