ES 2640 is the balance point today. It is also towards the the top of the overnight trading so most of the London/Frankfurt crowd is green for the day if they played the long side. Shorts made book following the usual rules of closing out an hour before the New York open, (ES 2577) as that seems to be a second overnight low more often than not.
posted last night; re-post here:
2/5 NY new lows 452 (Monday, dow down -1178 points). When was the last time we had so many lows? Feb 2016
2/2 NY new lows 338 (Friday, dow down -666 points)
2/1 NY new lows 131
1/31 NY new lows 114
1/30/ NY new lows 251
1/29 NY new lows 204, the warning signal
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Bloomberg is at a loss to explain anything
Guy just on re XIV: know what you own, these things happen
CS guy last hour: deer in the headlights, clueless
Is CNBC audio any better?
Please link thanks
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Follow up on FOMC's Bullard. His speech this morning was a nothing burger and his comments were essentially what do you expect from an overbought market.
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need exceed mini target to have hopes. not looking good for now.
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mini target exceeded, good, but the rebound doesn't look strong so not convincing. maybe another dip?
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