RHT is up 50% on IBM buyout.
Brazil is up big on election with PBR leading.
Risk spreads back above their respective 200 DMA’s.
SMH..Semi’s up close to 4%
Bund/BTP reflecting reduced overnight strains within Europe. The spread is out 250 Points to its 50 DMA.
It’s a nice 80 point bounce off Friday’s low in the Spu. It will take into Thursday
to determine if that will prove to be a capitulation low.
Short term charts were oversold. They won’t be this A.M.
Go with the capital flows today