Bounce...

The gap up held and even went further as the morning went along. That is not something we have seen in the past week. Recent gap ups have faded as the day went along.

SOXL has rallied 13%. Hopefully, someone took our advice over the weekend, was patient, and got in that trade.

We are in an interesting position right now. BGU and FAS are at the upper end of their wedges. TNA has broken support which could mean the Santa Rally is on. An up day tomorrow will mean a rally is in place for at least a few days. TNA should then test the $52.00 range later this week or early next week.