The dollar fell sharply overnight and ended the day with a possible spring, making a new low by 0.1 points. I am not saying this is the low, but it bears watching. Clearly support came in or it would have run stops for a nice ride down.
Gold does not seem like it performed as well as the dollar did poorly.
Equities as I said yesterday rose sharply but on slim volume. Clearly nothing was for sale.
There was so little selling that I don't believe the market reacted more than 2.5 points all day. There was no significant buying either but the selling was less. In the emini there were bouts of heavy short covering. This was the most extreme one sided market we have had since this rally began in March. Either this is the beginning of a new bull market or the end is in sight of this rally.
The dollar fell sharply overnight and ended the day with a possible spring, making a new low by 0.1 points. I am not saying this is the low, but it bears watching. Clearly support came in or it would have run stops for a nice ride down.
Gold does not seem like it performed as well as the dollar did poorly.
Equities as I said yesterday rose sharply but on slim volume. Clearly nothing was for sale.
There was so little selling that I don't believe the market reacted more than 2.5 points all day. There was no significant buying either but the selling was less. In the emini there were bouts of heavy short covering. This was the most extreme one sided market we have had since this rally began in March. Either this is the beginning of a new bull market or the end is in sight of this rally.
