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NQ weakish....but made a nice bounce off the 9747 bottom. Now almost back to even.

I think everyone is too busy counting their profits from last week....LOL !

Guys -the book "Flash Crash" is simply awesome. I have almost finished it. It has all 5 star reviews on Amazon: Here's an excerpt from the book:

WTI Crude (CL) nearly hits $40/BBL, a recent high, on OPEC production cut-backs. https://www.worldoil.com/news/2020/6/4/opecplus-extends-production-cuts-through-july-on-deal-with-iraq IMHO this market remains rigged...no pun intended. Of course the market is also up on hopes of improved demand...

NQ broke it's ATH which was 9763. Now, can it CLOSE above that level ?

Only if the market construes the jobs report as putting the Fed and Treasury on hold.

NQ only 100 pts from ATH, but definitely weak relative to ES. It's having a hard time punching thru.

Today we had a beautiful "Dip then Rip" at the 3:50 pm MOC report. Anyone catch that move ?

Cute how they took out the shorts today with HODs right at the MOC report.....and then went straight down....LOL.

NQ only 70-80 pts from ATH.

WTI Crude oil (CL) has reached up to mid March highs (after the gap-down.) We reached $36.59 today and it's been pretty much straight up since mid-April. Yesterday was a wild day where 3 minutes before the NYMEX pit closed, the price hit $35.00 and then went straight-up 70 cents in the next 10...

However NQ is a no-go today.

I was referring to a second round of stimulus checks and/or a second round of PPP.

Just superb trading. Just a heads-up: rumor has it the Fed will not be re-filling the punch bowl in June. They'll likely wait till the numbers for Q2 come out in July. Those numbers should be pretty bad.....both corporate and economic.

Wrong....weak, choppy close. However, market remains drunk on Fed liquidity.

Could be HOD's at close. That's been common lately.....perfectly squeezing out the shorts.

Amazing this news didn't drop markets today: https://www.marketwatch.com/story/gileads-stock-falls-on-remdesivir-data-in-moderately-ill-patients-2020-06-01?mod=mw_quote_news

As the equity markets meander today, the crude oil market looks to be heating-up again. It appears more production cuts are needed to avoid an inventory glut. WTI crude (CL) was up last week ($35.77 high), but now has come down a bit on news of another OPEC meeting regarding production...

Guys - attached is a great article with excerpts from a new book that just came out called "Flash Crash". It's all about a London-based trader who came up with a really slick bot that he designed to beat the other bots in the ES market. As a result of his efforts, he pulled down about $70...

Indeed. If you look at the Put-Call ratio, we are near all-time lows. Put buyers have been getting crushed. https://www.optionstrategist.com/weekly-charts Note that this indicator has quite a lag (4-8 weeks), so despite this current low level, the market can still go up.