Where is the volume today?

This small rally is not going to be sustainable with this small amount of volume. I don't think it will continue through tomorrow.

We really didn't have any major news today. LEH puts are still being traded to indicate a complete collapse in the next few weeks. 17,000 June 30 puts traded today along with 12,500 June 20 puts.

Crude drops $5/bbl when the dollar rallies about a penny. I think the real reason crude sold off today was in anticipation of a bearish inventories report.

 

You may be correct once.........twice........thrice.

 

Today was just as weird as last Friday

 

Get used to it. The summer doldrums have arrived.

 

Volume indicators with regard to indexes are very unrelaible

 

Banking index are breaking key levels, once the XLF broke $25 last week I knew the financials would be falling once again.

AIG 10 year low as well.

 

And that's of course why you are LONG the UYG . . . You make no sense at all.