The ole pump and dump still lives

[Aaron Copland]

Gap open futures, dump at the open, financials getting the dump.

 

[Warrior4g]

i think the fed is implying they will lower rates again this morning. cannot see any other reason why the futures gapped up so much.

 

[detective]

I have a sneaking suspicion that the market will grind higher today, looks like too many people are looking to fade this gap and its not selling off much.

 

[makloda]

Quote from Warrior4g:
cannot see any other reason why the futures gapped up so much.

Couldn't be that futures just gap up on random supply/demand shift, i.e. short-term trading noise. Always need a 'reason' don't we?

 

[S2007S]

sold some SSO and bought some SDS.

Working so far, but will see what happens by the close.

 

[Warrior4g]

looks like they are buying. gotta say,oil is hot today so that means so is coal.

 

[Aaron Copland]

Quote from makloda:

Couldn't be that futures just gap up on random supply/demand shift, i.e. short-term trading noise. Always need a 'reason' don't we?

Listen to this guy, supply/demand hahaha thats for free markets.

 

[Aaron Copland]

Every financial gapped open over 1%, now all are in the red.

 

[Warrior4g]

the refiners(oil) are hot today. VLO-HOC-SUN

 

[dipper17]

The futures were up all day yeserday and they closed on the up ticks friday. The global trading day yesterday was pretty positive and financials around the globe were up yesterday.