Today's rally compliments of short-covering...
Today's gap higher, sets up for another island reversal of fortune, but we've only seen this movie three times, so how would we know?
Sure, why not:
Overnight gaps courtesy of "China"
Aussie, Hong Kong, and Chinese stocks with China GDP (red):
Goldman Sachs caught a bid today, just in time for the entire Broker/Dealer sector to roll over...
Today was a big day for yield, JnJ finally got monkey hammered lower...
Lockheed Martin still at the 200 day...
Soon to be joined by General Dynamics...
After hours, Intel is down -5% on weak forward guidance. Which portends badly for the parabolic Semiconductor sector...
Bonus chart: More retail carnage, aka. Macy's: