Monday, May 17, 2010

Going Down

The market is gapping up to my surprise.  There was a furious comeback during European hours coming backf rom down 15 on the futures right before European markets opened.  Euro has also bounced back from 1.22xx.  I expect the market to fade in the 2nd half of the day, this seems like eager beavers thinking that Monday will be up because Friday was down. 

1 comment:

Petsamo said...

XLF bounced off the 200 day moving average. That may be the bottom for the next few days.