The light volume ramps higher continue on.
FOMC minutes tomorrow and the Jobs Report at the end of the week.
According to this the Fed is buying 61% of US debt. That leaves quite a bit of hot money looking for beta in the equity and junk markets.
"You are the very cause of your ignorance, yourselves. You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.”
Thomas More, The Sadness of Christ (Gethsemane), Tower of London, 1535
02 April 2012
SP 500 and NDX Futures Daily Charts - Biderman's Outlook for April
The light volume ramps higher continue on.
FOMC minutes tomorrow and the Jobs Report at the end of the week.
According to this the Fed is buying 61% of US debt. That leaves quite a bit of hot money looking for beta in the equity and junk markets.