17 February 2016

SP 500 and NDX Futures Daily Charts - Goldman Says 'No Fear' and Market Listens

Stocks were in rally mode today and the release of the Fed minutes was no impediment as they held their gains into the close.

This looks very much like a technical, 'short squeeze' rally, which is somewhat narrow in scope and with declining or flat volume as the indices push higher.

I am getting a desire to buy some volatility again around here, but perhaps I will wait to see what happens tomorrow.

Have a pleasant evening.