Alcoa reports tonight, ohh that might not be good. What if companies start warning, and companies start missing their inflated numbers. This could be a buying opportunity over the next few months for a fall rally.
I went to bed thinking how strange that was, and that something strange was going on. Well I woke up @ 4:30cst and power up and had to do a double take when I saw the futures down so much.
Year to date NDX is down futher, SPX is almost flat. I am going to stay with the Dow, as soon as I move and focus on something else the Dow will have a two month rally, and NQ will go flat.
Yes I saw that, Oil shot up another 70 cents, now up $1.70 for the day. I have trouble getting short, and pretty much trade from the long side. On a percentage basis the movemnet in the Dow has been very very very low
You know I went back a decade or so and was hard pressed to find another period with as little volatility as we have presently. What we are experiencing is call "mean revision"
I feel your frustration, I am just a disgusted in this slop. Just take a step back. I truly do feel this weeks job report and earnings will get things moving, at least that is what I am praying for.