Quote from Shanb:
Market is looking weak here and still consolidating. Most sectors in the red...In some MA for the C-down right now.
What does everyone think? We get some weakness into the close?
Quote from Quon:
Kinda feels like that. Maybe a weak afternoon, weak open tomorrow setting up for Turn-Around Tuesday?
I only say this because we seem to be unable to make the monthly A down in the S&P so it seems like the rubber band has to snap back at some point... right?
Quote from gmst:
Which futures contract would you trade if you want to trade SP500 financial sector ?
Futures on XLF, has a very wide bid-ask, zero volume today. Worthless.
Futures on SP500 fin sector underlying IXM, volume of 7 contracts today. Again useless.
So, how do you express that SPY/XLF pair, other than trading the ETF itself. If you are not trading prop, won't the small leverage available as retail be a problem ?