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ES needs to break and hold 960 for any further significant upside.
VIX falling, crude rallying, AUD firm. All bullish for stocks in the short term. Still looking for an afternoon high 980-1000.940 needs to hold on any pullback.EDS
They're in the 980-1000 gap now. Should fill it, though not necessarily today. Lotta gamma hedging squeezing the shorts on expiry. Buffett editorializing that mkt is a buy. TED Spread narrowing about 1% today. $$ flowing out of bonds, into stocks.
We MAY test the 987.75 high but I think basically the high is in for the day. I think we trade in a range for the remainder of the day. EDS
gold is also falling low
ES needs to break and hold 960 for any further significant upside.
ReplyDeleteVIX falling, crude rallying, AUD firm. All bullish for stocks in the short term. Still looking for an afternoon high 980-1000.
ReplyDelete940 needs to hold on any pullback.
EDS
They're in the 980-1000 gap now. Should fill it, though not necessarily today. Lotta gamma hedging squeezing the shorts on expiry. Buffett editorializing that mkt is a buy. TED Spread narrowing about 1% today. $$ flowing out of bonds, into stocks.
ReplyDeleteWe MAY test the 987.75 high but I think basically the high is in for the day. I think we trade in a range for the remainder of the day.
ReplyDeleteEDS
gold is also falling low
ReplyDelete