Tuesday, August 31, 2010

Heads up.....

Extremely high volume today. I am seeing volume come in about 30% above the 30 day median on the SPY. The next question is why?? Is the market really loving the housing and consumer confidence numbers today? Note that we have bounced off the 1037 level on the ES for the 5th time now. Ticks continuing to trend higher so we should finish firmly positive I think today.

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