09 November 2016

SP 500 and NDX Futures Daily Charts - Pop Go the Weasels

The swing in the stock futures markets from last night to the close today was huge, almost unprecedented in recent memory.

I suspect that stocks have marked their range in this, and after the giddy euphoria of the short squeeze and confidence building exercise has worn off we might see them start to discount the risks a little more astutely.

But that is an observation for another, future day.

Have a pleasant evening.