And there's the predictable, futures inspired pop

Discussion in 'Trading' started by AyeYo, Dec 10, 2009.

Where to from here?

  1. Straight on our way to higher highs

    3 vote(s)
  2. Retest and break 10,500

    3 vote(s)
  3. Retest and fail 10,500

    0 vote(s)
  4. It's only a morning pop, lower lows coming

    4 vote(s)
  1. AyeYo


    Thanks Ben, you never fail us. Just want to see how everyone is feeling.

    The dollar is still well off the lows, gold is still down, oil is down, jobless claims surprise higher (CNBC spins it to nothing more than a bump in the guaranteed recovery road)...

    Dow at 10,440 resistance (with a tiny bounce down) as of this writing.
  2. It is pretty spectacular how they're pulling this off. Gold down despite dollar heading back to the lows. Equities up on...well, nothing again, but that never matters :)

    With GS and JPM pulling the Fed backed strings, there can be no wrong done! It would appear we go on to break 10500, and 1115.
  3. S2007S


    Yep once is literally stuck in a 2% trading range....

    Pay attention to financials, dropping to intraday lows as market tries to find some upside.
  4. AyeYo


    Funny you mention that. Since I got involved in forex I don't generally watch much other than the dow/spy.

    I just so happened to take a peak at my old buddy XLF, which I haven't seen in at least four months or so. To my surprise, inspite of this never ending rally, XLF had gone... no where. In fact, it's been slowly trickling its way down.
  5. auspiv


    Just a quick picture of the trading range S2007S mentioned.
  6. no volume at ALL
  7. There is no volume at all in individual equities