Still going up....

any news out - or is it the standard jam up/gap up routine?

Japanese markets holiday - Nikkei/Topix closed today.

Usually the sunday night is really quite.
 
Quote from Daxspreader:

Looks like the buying just wont stop

I didnt believe in it - but the january effect is in full effect!
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the 200sma is at 118 now, and spy is at 114.5....I feel its going to get interesting in coming days, regardless of news events. Put a 200sma on your daily for spy and you'll see that price tends to hold the line, and the last real break led to a massive sell off, however most of it was probably news drivin.
 
Futures have gapped up nearly every sunday night for the last 6 months. This week earnings will do no wrong and provide plenty of upside to the markets like last quarter. Sooner or later though this uptrend will reverse.
 
Everything is going insane. Gold, silver, all currencies except dollar and yen, equities, hang seng, nikkei, etc. It's a mad free for all to get anything one can.
 
*HSI
__22597.90 ___+301.15 +1.35%
*CHINA
___3234.93 ___+38.94 +1.22%
*S&P/ASX 200
___4951.00 ___+38.87 +0.79%
*OIL _
_____83.39 ___+0.64 +0.77%
*S&P FUT
___1147.00 ___+5.40 +0.47%
 
Quote from Ivanovich:

Everything is going insane. Gold, silver, all currencies except dollar and yen, equities, hang seng, nikkei, etc. It's a mad free for all to get anything one can.
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Yes and with this options expiry this week it will be worse.

GS and the Banks are the only ones making any true money, jobless recovery, do they really think the public is that stupid.

If you had a 100 thousand in your retirement fund and it lost 80 percent even with this rally where the market rallied and most stocks doubled you are still down 50,60 Thousand.

Options are where I feel the safest and playing my risk side with the futures mostly now GC and CL as the NQ and ES are too tight at least for me.
 
Quote from S2007S:

Futures have gapped up nearly every sunday night for the last 6 months. This week earnings will do no wrong and provide plenty of upside to the markets like last quarter. Sooner or later though this uptrend will reverse.
More...
Time to learn to trade with the trend instead of trying to trade against it?
 
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