The wiseguys saw an opportunity to run stocks higher in a dull market as I had cautioned they might yesterday.
This may or may not stick depending on whether the news intrudes into their ponzi Christmas scheme.
But it was a rally based on pure fumes and greed, and nothing more.
I used it to square up and sold into it, and am now holding a paired trade more heavily weighted to the short side. But they could take it higher given the lack of adult participation in the market during the holiday.
P.S. Oracle missed after the bell which is unusual. This is taking the wind out of the NDX after hours.
