I'm not sure what all the fuss is about. Everyone knows right now traders are ready to pounce on any news out of Europe, especially coming into the Greek election this weekend. Markets have always been prone to spikes on news out of the blue. The S&P moved 10-12 points in about 3 minutes (not 3 seconds, which still wouldn't have been too crazy IMO.) It's just normal market behavior if you ask me.
what this move up is all about? any news? i'm lost today...stock market is up,yields are up huge,yet muni EFT's are also up..everything is up..damn!
EUR/USD broke 1.235 ish (which is where it was after the recent rate cut) on short covering. FX traders should be having a field day.
Some news about Draghi but I thought that already happened earlier. Volume was really low at the start this morning. I remember thinking probably a surge later on today. Big players hold off until now to push?
maybe three 0's in a row is more significant than two 0's in a row.....LOL Now the bots are oscillating....lol
Was news released at precisely 1:25 EST today?? That spike looks exactly like one that would occur after an unscheduled news release. TIA