Lawrence
Could be very wrong here but this move yesterday afternoon and today just feels too orcastrated and not based on any new neg news. IMHO the news and data has been better than expected. IMHO the US economy is in better shape and most risks have been taken out of the market by the...
Jobless spoked the market, most of the increase was people who exhausted their benefits and are now allowed to reapply for benefits so things not as bad as first reported.
oil is closed, so now they can try to take es up.
I sold oil at 127, next price was 127.3, what a fun market that is to trade, got out with a 20 cent profit. Anyone here trade oil?
Agree but I think the real test will be the 62 to 63 area. This area was tough to break on the way up. We could not get through it on Friday after the better than expected economic data.
I would not be surprised to test it this afternoon.