Another big tail day.
Beats the heck out of me what happens Wednesday but when :
The nasdaq is down 70 early and finishes up 25…
The dow is down 222 early and finishes only down 51…
The lagging Russell, for a change…is up almost 2%…
It usually means market already putting a line in the sand after a few days of distribution. Then again, in this QE, GRM (Government run markets), anything is possible. Just letting you know Tuesday’s pretty pretty good!
Luv yr commentry. Always when u gap down ahead of the US cash session u’ve got to remember that no matter how bad the German Dax looks like you’re always likely to squeeze higher thruought the day. Same goes for any other commodity really. Seen it a thousand times. One of the reason this phenomenon works is because of options. Anyways…
Signing off.
/White House