Today was the last day of the month and quarter, so the hedge funds want their gains to hold up to maximize their performance. In addition, a lot economic data will be released on Thursday and Friday. There was not really much of a chance of the market making a sizable move down with these data points pending. The dips lately have been small and are best called noise. If we get bad numbers the next two days then we'll see what happens since we had weak data the last few days. Don't let your opinion of value get in the way of your trading. Here's a link to the economic calendar. http://biz.yahoo.com/c/e.html
Ok, just ignore me then...... Top: http://www.elitetrader.com/vb/showthread.php?s=&threadid=106444 Bottom http://www.elitetrader.com/vb/showthread.php?s=&threadid=154882&perpage=6&pagenumber=1 Sept into this period. Top: http://www.elitetrader.com/vb/showthread.php?s=&threadid=173447&perpage=6&highlight=top&pagenumber=1
I'm just saying how about some context ... 10% moves last year is high volatility. This is slightly elevated in comparison, even today's 2%.
Looking like the market may want that gap fill regardless. Gold gonna be hot for a while then. A little O/T but ooks like corn bottomed as well. GDX, ABX
Shit, taking a serious look at DBA R:R is there that's for sure. Inflation trade may be hot again....brings back fond memories.