It’s a reversal of trends.  The losers of the first half are now the winners.  It’s a complicated reversal but it’s happening.  Apple comes rallying back as well as Shering Plough.  (Sold my Apple position a little earlier today).  All the financials are well off their lows so another sign of the rally is here to stay for a bit.  Gas plunged another $4 today with the hurricane missing the oil rigs but the market seems to still be very fragile with most earnings are not excepting the complete worse yet.  The VIX is back down to 21 so volatility is way off but it’s inevitable that the market test it’s recent bottoms in the next few months.  Healthcare still seems like the place to be.  GILD and AMLN got upgrades so it’s another good sign to shift to the health sector.

Disclosure: Long: CHK, CLF   Short: GRMN (reduced position size), Nasdaq through QID,

Disclosure: