Leave it to Bloomberg to come out with bearish news. Sweden fell back into recession due to falling demand for its exports. http://www.businessweek.com/news/20...nto-recession-in-fourth-quarter-update1-.html
Because the news is irrelevant. It's all about no volume HAL9000's trading with each other at the (possible) delight of Banana Ben.
Perhaps, but that doesn't mean that HAL9000 doesn't know who THEY are! Opening Gap Up did not fail, incidentally.
Strong dollar. 30 points up from the melt-up. End of month flows dwindling. A fair amount of overhead resistance to breakthrough. Hmmmm. Does this rally have legs. Not without dollar strength weakening. That's the key for tomorrow. And certainly not for breakout highs above 1150. There's a sh*tload of cash on the sidelines waiting to be deployed but the market ran too far too fast is the overall feeling. We're crawling up not bolting up unless you see the type of sharp interday corrections which people are using to cover shorts or initiate longs.