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There was not a lot to talk about when it comes to fridays trade After trading up to a new all time high wednesday, the s&p 500 futures rallied overnight, opened higher on the 8:30 open, and by 10:15 ct traded all the way up to 2416.50. For most of the day the es was stuck in a narrow trading range
The s&p may go higher, but it sure doesn't feel like the public is on board The dow industrials closed in on its record high set on march 1 While you were sleeping overnight global stock markets were mixed and quiet
Asia traded in a range with an overall higher tone, followed by europe, which is very choppy midway through the.
Graham said that sometimes, mr Market's price makes sense, but sometimes it is way too high or low given the economic realities of the business You, as the investor, are free to buy mr Market's interest, sell out to him, or even ignore him if you don't like his price
You may ignore him because he always comes back tomorrow with a different. Yesterday was what i call a perfect storm The s&p 500 futures made a low last thursday fulfilling the pitbull’s rule about looking for a low on the thursday or friday the week before the option's expiration On friday the es never took out thursday's low and traded sideways to higher
Sunday night the es started to uptick, and then rallied right off the 8:30 ct futures open.
Yesterday, the s&p 500 futures took out the support at the 2388 level, and then dropped down to 2379.00 before rallying back to 2393.50 After the push back up, the futures traded between 2390.00 and 2393.00, before settling at 2391.20 on the 3:15 futures close The days overall trade and volume were a little busier, but volume tapered after the futures started going back up In terms of the s.
The s&p 500 futures, dow jones futures, and nasdaq 100 futures have risen for six straight sessions, with the nasdaq also notching a fresh high thursday
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