Been short on the SPX at 1310 since early last weekmillsy500 said:anybody been enjoying the S&P hitting the 1310 this month?
Millsy
Been short on the SPX at 1310 since early last weekmillsy500 said:anybody been enjoying the S&P hitting the 1310 this month?
Millsy
htp80 said:im ready to short should it test 11,160 and long if it breaks 11,190. Not convinced on either yet though as it's trying to make up it's mind. what is the general concensus?
cabrito said:wouldnt lower crude drag down the footsie which sometimes seems more like it's proxy?
6000 ?how effortlessly....
Markets look distinctly undecided at the moment but there is a slight leaning toward the downside. The key imo is the SPX. Holding at around 1300 in the Cash market puts it into a decidedly neutral position. If it rises above 1310 then we could see the Dow rally back to retest 11300. If it breaks down below 1290 (and it came close on Tuesday evening) then we could see a significant retracement back to test 1270 (and probably 10800 on the Dow).macbonzo said:It's pretty tight. Overall I waould say that the slight fall in $TNX is a positive as is the fall in Crude. That said, because the energy sector is the second largest in the S&P, it is acting as a drag on the market. The S&P is struggling to get positive.
Being the last day of the quarter, I think it may be the case of, keeping things within fairly tight bounds. I don't think too many people will want to load up ahead of the weekend. I took a few points long on the Dow, but I really don't like a market when one of the indices (S&P) can't get positive.
kriesau said:Been short on the SPX at 1310 since early last week
houdani said:its all back to normal hours from tomorrow jilly.
JillyB said:Thanks for that - that extra hour on an evening made a real difference.
I like it when things are back to normal.
Dow up at 11,153 now - if it stays like this, I think we could see an up day today. Possibly upward until lunchtime and then a minor reversal in the afternoon.