Tomorrow's action

Now the Fed detailed their plan for FNM and FRE, let's see how market reacts tomorrow, July 14th.

1. Market should have a positive day, a rally.
2. Financials should lead the market rally, at least double the percentage of the general market gain.
3. If these two don't happen, then we'll have more trouble ahead. It's been so long and so depressed in the financials, it's about time to have a decent rally, once the rally holds, shorts will cover and we'll have a lasting short term bounce, like a few weeks.