Stocks Reversing Higher into Final Hour on Bargain-Hunting, Lower Energy Prices, Short-Covering, Less Economic Pessimism

BOTTOM LINE: The Portfolio is higher into the final hour on gains in my Retail longs, Biotech longs and Medical longs. I covered all my (IWM)/(QQQQ) hedges and some of my (EEM) short today, thus leaving the Portfolio 100% net long. The tone of the market is neutral as the advance/decline line is about even, most sectors are rising and volume is above average. Investor anxiety is very high. Today’s overall market action is bullish.