Looking for a long opportunity (pullback) or fading the late (noon) new high. Market is fairly strong. Grinding to the upside. Let's see how the day evolves.
Just a guess, but moves like this tend to have an exhaustion run with a volume spike, and then a second attempt at new highs on lower volume before flipping. So far, while volume has been consistently hitting offers, I haven't really seen any exhaustion move, just declining volume. Not sure what to make of that.
What a tremendous joke that you are. Price rarely gets to your entry points, when they do and you get filled you go for a point and now this ? Freaking joke.
spy up 23% off the july low, quite a move especially if you are using leverage. Mutual fund managers and hedgies looking like geniuses, the question is will the market see volatility again or will vix trade to 12 by June, Happy New Year. http://seekingalpha.com/article/240576-2011-predictions-goldman-looking-for-25-from-stocks