I like the fact that their numbers have been ratcheted down on energy fears and everyone hates them, I feel very good about this trade, time will tell.
Take the rest of the week off, that my advise to all small traders like myself as this roll takes place. their will be alot of short and quick spikes up and down today as larger players unwind and move into the forward contract.
Ciao!
No profit taking today, just panky traders afraid their going to miss out so they buy, the market is talking did you listen. Sitting tight for even higher prices, no one wants to sell, so pay up suckers.
Good to see everything is headed up, right up to 10640. No risk = no fear. US equity market is a no risk market at the moment. Bush will spend that 50-100 billion to help corporations not victims.
Equity inflows have not been anything to write home about, its just sort of blah. Their does not seem to be alot of convection on either side. This is a very very tough environment. I want the market to correct in a big way, but the dang thing just keeps bopping around.
http://www.amgdata.com/
Radio stations report market information on the hour. This could be why their are jumps in the indexes as they close in on the hour mark. The indexes are strong during lunch as folks come home to eat and watch TV. Also in the morning the futures are usually up leaving folks to belive today is...