'Huge' daily moves need either panic closing of existing longer-term positions or 'huge' committment to the move itself. PPT aside, I doubt there are many punters with increasing committment to the upside; and the perma-bears have been burned that many times in the recent past that there really can't be that many of them left can there?? - with serious positions to cover in another panic anyway. So .... My call for Tuesday: 1. Half-hearted pop-up if the Fed holds off - followed by further indecision. Or 2. triple digit decline for the YM if it raises. Should be interesting
=================== Actually does seem to be more weather risk for sure; especially thru hurricane season,November, but that seems usually bullish for oil stocks. Dont have a prediction for fed day; tek stocks tend to be a good buy in OCT, because they tend to go low by then.