Gartman did it again - as we warned pre-open - Which means one thing: both Goldman and Gartman are now short stocks, and expecting further selling - perhaps just the catalyst bulls were waiting for to step in and BTFD...   

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The machines were working over time to keep stocks up today to prove confidence in Trump and the economic hope remains...

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But by the close, they failed to hold The Dow green...Nasdaq surged (AAPL helped)

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NOTE the massive pairs trade unwind at the open (blue rectangle) - buying back Utes and Selling Financials...

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And the media worked hard too...

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No big bounce back after yesterday's dump BUT between terror turmoil and Trump headlines over healthcare, investors sought safety and some BTFD cheapness...

Bank stocks bounced off their 100DMA...

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Gold prices rose above $1250... (up 5 days in a row)

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And The Long Bond rallied for the 6th day of the last 7, breaking above its 100DMA...

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Biotech stocks stumbled a littel as Trump said "we're going to bid out drug prices"...but ended higher but it seemed the big tech names saved the Nasdaq

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De minimus bounce in the big bank stocks...

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Trannies and Small Caps remain in the red for 2017...

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High yield bonds bounced modestly once again off their 200-day moving average...

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Bonds rallied on the day...notably, flatter post-Fed rate hike...

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...with 30Y yields dropping below 3.00% intraday and erasing March losses...

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The Dollar Index has erased 75% of its gains post-election...

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Cable rallied after dropping in the terror attack...

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Yen is the strongest of the majors in the last few days - with USDJPY plunging to the lowest since Nov 23rd (right as Yen weakend on another quake)

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WTI and RBOB ended the day lower but the machines ripped them off their post-DOE production/inventory data lows...

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USD weakness continues to help send PMs higher (Gold over $1250 and SIlver over $17.50 today)

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Finally, as we noted earlier, the S&P's six-month cycle is peaking...

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