Does this have to do with the current currency war going on???? *NIKKEI 9486.07 81.84 +0.87% *HSI 22675.15 316.98 +1.42% *CHINA 2655.6577 44.9797 +1.72%
Which futures are you looking at? The U.S. stock futures have been mildly negative to flat. EURUSD down as well.
A good futures link is http://noir.bloomberg.com/markets/stocks/futures.html The futures were red all night.
Looking at futures Sunday afternoon means they have all night to turn. It was very red Sunday 7:30 pm.
Once we break and close above 1150 do year end price targets get raised once again? It seems the permabulls, after a price target is met they continue to raise the targets as if the market rally can continue without any obstacles in its way. They never issue any kind of sell or even profit taking ideas, just full steam ahead as if there is no such things as corrections and even collapses.
SPY reached a new high in this rally BUT QQQQ did NOT! this could be really the sign that the rally is over. Shortie Prornosticatoff Out