you mean like red for the first 5hrs and 59 minutes, only to turn green within last 60 seconds? Oh wait, that only happens on options expiration (for obvious reasons)--or does it?
In any case, I would not be surprised if it made a run for 163 this week, bottom of trend line resistance.. why? because EVERYBODY knows it SHOULD go down, so if Monday opens relatively flat, it would be a good time to buy way OTM puts & calls... I'll probably lean on some calls because I'm already perfectly positioned for a July correction.
Czarina come on !!! These are nervous times and Friday jobs data is close . I think markets will trend down and wait for the jobs report. Even the jobs report what does it mean ? If its bad the maniacs keep buying holding bernakes hand or if its good market goes ?? where ???? maybe that's the signal Bernake cuts big on the QE. Based on co. results like normal times and the rising US dollar we should go down .
Who's nervous? Ben and co. have reiterated their stance, and goals which much be met before they will plan to remove the Everclear from the Purple Jesus garbage can. And didn't you see those other Fed members on TV last week telling you that the markets misCONstrued Ben's message?
I heard it all, loud and clear.
But simply being a Believer, and a Follower of another, doesn't allow for one to rise to a position of Leadership, or self sustainability.
Brilliant logic. Since everything that happened last year is sure to happen again this year. Take for instance, the 10+ point correction in the SPY during May 2012. Then again this May! Oh....wait...nevermind.