looks like the beginning of the second push by the longs .... got to -75 the first time and then the shorts pushed back to -125. we're at -85 now and heading towards the green hopefully. definitely riding the back of financials .... not a chance the S&P ends in the red ... http://www.profitquotes.com/commodities-quotes.mpl?i=5&Stock+Quotes
PPT started their shift after lunch, remember? This mini rally is for suckers. Who wants to hold into the weekend?
why we're going higher: maybe credit fears overblown nov dec most bullish months of year for stocks rate cut cycle strong growth overseas cheap dollar good for exporters lame duck cycle
the only problem with the general argument of strong November/December is everyone will be looking to look in tax LOSSES towards the end of the year, so we could see increased selling .... we'll see though
For every reason you can give for the market to edge higher I can give two maybe three the market will tank and break away lower. It sure does pay to be a stubborn moron in bull markets and buy, buy buy! At turning points into bear markets this attitude will surely leave you heartbroken when someone like me shorts you calls or stock. buy em!
nope ... the longs lost this one. we're staying down down down today http://www.profitquotes.com/commodities-quotes.mpl?i=5&Stock+Quotes
exactly. what the hell is this kid talking about with nov and dec best months for the market? did he start trading in january or something?
Looks like too many were waiting for another squirt up into the closing bell. Real disappointing close for the bulls, especially NQ futures look like puke.