Days like today are so much fun! Isn’t it wonderful what a little good news can do in an oversold market! Now can it last for another day or two and takes us into the holday all happy and giddy?
China PMI got the ball rolling yesterday, but strangely enough, the China market didn’t think it was that good. This evening China seems to be realizing it had a good report, or more appropriately, it’s just following what the US market did today.
More news tomorrow: Jobless CLaims, Factory Orders, Pending Home Sales, and let’s not forget, Ben Bernanke is speaking again. Watch volume as it may go down as traders wait for Friday’s Non-farm Payroll Report.
Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....
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