any news out - or is it the standard jam up/gap up routine? Japanese markets holiday - Nikkei/Topix closed today. Usually the sunday night is really quite.
the 200sma is at 118 now, and spy is at 114.5....I feel its going to get interesting in coming days, regardless of news events. Put a 200sma on your daily for spy and you'll see that price tends to hold the line, and the last real break led to a massive sell off, however most of it was probably news drivin.
Futures have gapped up nearly every sunday night for the last 6 months. This week earnings will do no wrong and provide plenty of upside to the markets like last quarter. Sooner or later though this uptrend will reverse.
Everything is going insane. Gold, silver, all currencies except dollar and yen, equities, hang seng, nikkei, etc. It's a mad free for all to get anything one can.
*HSI __22597.90 ___+301.15 +1.35% *CHINA ___3234.93 ___+38.94 +1.22% *S&P/ASX 200 ___4951.00 ___+38.87 +0.79% *OIL _ _____83.39 ___+0.64 +0.77% *S&P FUT ___1147.00 ___+5.40 +0.47%
Yes and with this options expiry this week it will be worse. GS and the Banks are the only ones making any true money, jobless recovery, do they really think the public is that stupid. If you had a 100 thousand in your retirement fund and it lost 80 percent even with this rally where the market rallied and most stocks doubled you are still down 50,60 Thousand. Options are where I feel the safest and playing my risk side with the futures mostly now GC and CL as the NQ and ES are too tight at least for me.