The Russell is Telling us That Someone Thinks They Know Something

The E-minis ($ES_F) caught a strong bid last night during Asian trading and haven’t looked back thus far in today’s regular session. Either someone thinks they know something or we are seeing a classic last week of August short squeeze. Whatever it is, a push above S&P 1210 ($SPY 121.20) could send the bears running for cover:



The Russell 2000 small-mid cap index is leading the market powerfully higher today, the $IWM is usually a prescient leading indicator of overall market risk appetite:



The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus
Powered by WishList Member - Membership Site Software