NOT gonna happen today. the PPI number has spooked the market and just gave another reason to be petrified. DEFLATION !
the only consistent trade is to buy 2 hours b4 the close when the intra-day chart looks its absolute worst then the huge funds step in and the market almost always goes green till the final 20 minutes where it will either: 1. Surge 200 points till 4:04 (including virtual points) 2. drop 200 points The volume is so high that its like a compressed spring. The slightest perpetuation of a fund transaction can trigger panic buying/selling and a 2% move in either direction
shot intest is at record levels. most of these shorts will have to cover sooner or later on PSY DIA and QQQQ
This is comical... market must end green so the media can push the news of the economy being on the rebound.