Yesterday was very quiet until the last hour, when
program buying
bumped stocks up into the close. But the market remains narrow–the big techs led the way once
again. Right now, only 34 percent of stocks are over their 200-day moving averages. I’m sticking
strictly to day trading–no overnight positions.
Connors VIX Reversal (CVR) V
On a day that combines a Double-witching option expiration, continued Latin American woes, and Clintons interrogation, its interesting thata mysterious futures buyer pushed up the overnight S&P 500 futures more than a dozen points early in the morning. Maybe its Alice Rivlin from the Federal
After a wild Monday,
After a wild Monday, which saw the market up big, then down big, the bottom line is that the market finished lower for the third day in a row. The high volume tells me the institutions were out in force, which should make for interesting trading action in the coming days.
Kevin Haggerty Daily Commentary
What Wednesdays Action TellsYouKevins Thursday article here Thurs. 4/1 Friday 4/2 Monday 4/5 Tues. 4/6 Wed. 4/7 Index SPX
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