Rosie and dbq's MM

After close analysis:

Today was very interesting trading and chatting wise. Rosie is back in room after a long vacation: haven't seen that girl in months wow! Dave shared some interesting thoughts on MM concepts. Basically, it's building positions in direction of trade vs. scaling out! Omg, this is another level altogether. Hmm, looks like 6bo setups are good candidates for that, but will need to do some papering so I'm psychologically ready (no psycho thoughts pls. hehe).

Nice couple of 6bos for the day.

Market breadth turned +ve in the afternoon after consolidating in a tight range all morning. Looking at VOLD, ADD, and Addq they certainly broke out to the upside later in the day. Interestingly add and addq opened a tad lower than yesterday but retraced to bo range and found support before bo-ing to upside.

Futures were mixed: DOW and ES didn't bo but chopped, unlike NQ and AB as they both had nice clean bo. Interestingly all were above their emas while AB sure did rest on its ema as a launch pad before the upmove.

Indices were overall +ve but the standouts were SOX & SMH as they both gapped up at open and bo-ed above their emas after finding support their mid-day. This is a healthy sign and bodes well for more upmove since the beginning of the year.

Overall positive day!