Today's market actiion in the s&p

Discussion in 'Trading' started by bonds, May 5, 2011.

  1. bonds


    I was trading this morning and with everything going on with the economic data, the dollar, commodities i looked at the market and was saying this market should be down a lot more than this.

    It proceeds to shoot straight up vertically for 15 s&p points. I checked for news, none i asked my traders why the move up and they joked around probably pomo, and that when theyre out of the mkt will go back down.

    Now the s+p proceeds to go straight down 15 s&p points. I understand the volatility is good, but I still dont understand the reason for that massive up move.

    Any views?
  2. jokepie