Blind Man Trading

Today's performance was better than I expected. I don't know why I say that because even a blind man can see that the morning dips are routinely getting bought.

Sector rotation was the theme and the homebuilders (see XHB) are today's big winner (up +4%). Other bullish contenders were found in precious metals, healthcare, and energy. In case you are curious (or a closet indexer), for the month of November the Dow rose +1.2%, the S&P 500 gained +1.6% and the Nasdaq rallied +2.7%.

See you in December.