March 5th, 2012
in Gary's blogging
4:15 Well this was an exciting day - woo hoo! Markets were all over the place, well withing a tight zone and no guidance. The low caps have definitely dropped down of the sideways channel, will the market leaders follow?
The DOW closed at 12962, the 500 closed at 1364, SSO closed at 54.93, SPY closed at 136.87 and $RUT closed at 803.65.
Low volume again and if this keeps up I suspect we will see the markets rise tomorrow am because DaBoyz don't want things to get out of hand by having it go too low. Not much will happen until the 8th when Greece goes belly up as quite a few analyst are thinking. Then there is Spain flipping the bird to the Merkozy Duo and the EU in general. So the day hasn't been entirely wasted if you follow the news. (More on that tomorrow.)
Last post of the day - see everyone tomorrow.
$RUT (Other low caps look the same)
Written by Gary