I do believe that a close higher tomorrow could end the down move for now. That's a “could”, as it needs to be another big push higher, and then I will believe that we are off to DIA 118.16 or so.
However, I think there is more selling coming first…
Well we surpassed 1250 on S&P and pretty impressive on R2K.
The run to 11815 may have decide to start early. Where the fuel is coming from i do not know. Volume was slightly higher than normal but substantially below last Friday. Will tomorrow be another confirmation?
1138-1168 estimate for today (30 points – ~2 times the usual range) 1144.25–1162 actual range today (17.75 points ) Tighter range today than expected.
From your fingers to g-d's ears!
I have another 3 prints of 111.30 in the afterhours, plus the previous 2 at 113.52, so I strongly believe tomorrow we will hit one of those prints.
Red, you're too easy on this guy. Futures were up 50.
50 !
He got nothing out of 50?
Lucky to get a C 🙂
now market trading flat/down with GS trading lower.
I do believe that a close higher tomorrow could end the down move for now. That's a “could”, as it needs to be another big push higher, and then I will believe that we are off to DIA 118.16 or so.
However, I think there is more selling coming first…
Considering the short covering I think that the volume was not an issue.
Well we surpassed 1250 on S&P and pretty impressive on R2K.
The run to 11815 may have decide to start early. Where the fuel is coming from i do not know. Volume was slightly higher than normal but substantially below last Friday. Will tomorrow be another confirmation?
Losing “No Money” deserves a “A+” in my book.
Carl at day’s end:
1138-1168 estimate for today (30 points – ~2 times the usual range)
1144.25–1162 actual range today (17.75 points )
Tighter range today than expected.
Trades: No trades
Grade: C (lost no money)
Thank you – I guess we'll know soon enough.