Up 107 – so far

See what happens when there are big sell-offs that occur when there is no new market news? It tends to reverse the next day (not all, but some).

So far, the Dow is up over 100 points. Anyone who shorted the Dow this morning hoping for all hell to break loose, were only successful in having hell break loose inside their portfolio.

Right now, the Dow Jones is overbought (meaning it should come back down a little to breath).

Even with all of this volatility in the past few days, I’m not finding anything worth trading. BHP Biliton (BHP) is one of the closest. But its RSI needs to get more oversold before BHP becomes attractive.

Another candidate is Dollar Tree (DLTR) and Family Dollar (FDO). I love me some discount retailers. They recently announced better than expected same store sales. And this is a trend we should see increasing in the months ahead.

The only problem is getting them at a good price.