this today 2/21 on Holiday=tomorrow 2/22=HUGE market moves=must note

Discussion in 'Trading' started by increasenow, Feb 21, 2011.

  1. this today 2/21 on Holiday=tomorrow 2/22=HUGE market moves=must note...

    We had these moves on a holiday today 2/21...

    SP futures -12.40

    Gold futures +18.40

    Oil futures +5.68

    Silver futures +1.57

    ...tomorrow, when NYSE, NASDAQ gonna move!...thoughts, comments, strategies?
  2. You've got a very strong move down.... more than likely we'll open with a considerable gap down.

    Therefore, you've got many longs that are trapped and will sell. You've also got a large amount of dips buyers coming in. Morning chop is very likely.

    I don't think its obvious which way the market will go tomorrow. We need to see how the pre-market moves on Tuesday morning to get a better indication of what will happen tomorrow.
  3. Have you looked at an S & P chart lately? The longs don't look very trapped to me.
  4. Lets see FED doesn't want market and the economic psychology to turn negative.


    1: Markets remain closed aka 9/12

    2: PPT steps in and holds market above DOW 12k (that is the public psycho gauge).

    3: FED/SEC implement short ban aka like 2008.

    Happy trading.
  5. good insight
  6. I have a sneaking suspicion that the markets slowly recover throughout today, have a big jump up for the European open, get within a few points of break even before the open, and then go green 30 mins into the US session.

    That's the way this market has been behaving for the last year, no gap downs overnight will be tolerated.

    For reference, look at 1/14 to 1/18, MLK day in the US.
  7. Blotto


    The S&P 500 will lift above Friday's high, which will also be a new 52 week high. Volatility to increase going forward. A rangebound market may develop for a period of months, with nice swings up and down.
  8. Tsing Tao

    Tsing Tao

    can someone move this thread to chit chat where it belongs?
  9. why? no putting anyone down...this is a for real thread
    #10     Feb 21, 2011