Market UP big
VIX UP big
Dollar down yet again
Gold down, even more
FAZ closes at the same price that it opened the pre-market on a +221 day.
Wild market, to say the least
Oh, Grains continue walking all over gold, long-term fyi.
Now (+14%)
GLD: 95.77
DBA: 28.77
March 20th
GLD: 94.35
DBA: 25.01
http://erikmarketview.blogspot.com/2009/03/gold-ags-hedge-trade.html
As far as tomorrow, turn-a-round Tue has been a very strong trend for a good while. Also the vix/spx divergence leads to a higher ratio of a down following day. So with that being dealt to us already, I do feel pretty strongly that Tue is a red day. After that, gotta play it by ear.
For some good, easy to follow insight of VIX + SPX up days, check out Cobra's Market View, and Vix and More. (on my blogroll to the right). I believe they both wrote about it tonight as well.
Oh, im not calling a top. But i will say this, financials did not look that good here today, nor have they since the GS program buying savior on Friday.
FAZ/SKF are as of now back to THE BEST daytrading vehicles to BUY for intra-day daytrades.
Monday, June 1, 2009
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