Lower Open, Bargain Price

The CMI took advantage of the low open and grabbed a buy of the QLD at $26.25. This would be a perfect position to ride the next leg up on this massive A-B-C move...if this finally takes form. The lower volume on those down days indicates that the path of least resistance is to the upside. Nothing is certain (this is April Fools Day) but we are due for the market to pick a direction. For the first time in quite a while, the CMI agrees.