Team Obama's war on traders and natural market volatility continues today. My brain cannot compute another day where longs have no risk, a decent selloff overnight is met with the knowing wink of the permabid spu buyers. Cmon buy em everybodys doing it.
REITS have reversed their losses, TECH is a flat line, AIG screaming higher. Casino stocks are en fuego with WYNN up 3.2%.
I sold out the nasdaq minis I bought on last nights weakness, call me crazy.
This market trades in such unnatural patterns, it is impossible to get a feel for the markets these days. I suppose that is the continued impact of all of these black box trading systems.
I have nothing of value to ad right now.
JB
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