Today's US equity markets were trading on light volumes largerly driven by professionals.
I think the late sell off in the SP futures was a fairly clear sign that momentum traders dumped their positions into the close, preferring not to hold them overnight.
It is really all about Europe at this point, and what the central banks may do in order to provide additional liquidity to the financial system via official debt channels.
Risky market. Unless you are willing to swim with the sharks it is best to stay out of the water.
I think the late sell off in the SP futures was a fairly clear sign that momentum traders dumped their positions into the close, preferring not to hold them overnight.
It is really all about Europe at this point, and what the central banks may do in order to provide additional liquidity to the financial system via official debt channels.
Risky market. Unless you are willing to swim with the sharks it is best to stay out of the water.
