West coaster here. I hate this - waking up at 5AM and seeing the
futures have tanked. When I went to bed they were up 32 on the
DOW. This is perfectly fine news for me and my insessant short
positions but just curios if something "CAUSED" this or is it just
sentiment being real?
Posted by dodgerdog on 1st of Jul 2008 at 08:57 am
Hello rvk - pretty much the same song - the daily technicals are
still pointing lower but deeply oversold. Yesterday, the
attempted bounce was negated by poor internals (negative
advance/decline ratio).
This morning there is once again talk of saber rattling between
Israel and Iran which also puts some fear in traders and Europe was
very weak putting downward pressure on the futures.
Thanks Dodger. Ususally this happens on days when there is some
sort of economic news so I was somewhat surprised. I'll just stay
short and watch it play out.
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Futures
Posted by rvk1958 on 1st of Jul 2008 at 08:46 am
West coaster here. I hate this - waking up at 5AM and seeing the futures have tanked. When I went to bed they were up 32 on the DOW. This is perfectly fine news for me and my insessant short positions but just curios if something "CAUSED" this or is it just sentiment being real?
Futures
Posted by dodgerdog on 1st of Jul 2008 at 08:57 am
Hello rvk - pretty much the same song - the daily technicals are still pointing lower but deeply oversold. Yesterday, the attempted bounce was negated by poor internals (negative advance/decline ratio).
This morning there is once again talk of saber rattling between Israel and Iran which also puts some fear in traders and Europe was very weak putting downward pressure on the futures.
Futures
Posted by rvk1958 on 1st of Jul 2008 at 09:12 am
Thanks Dodger. Ususally this happens on days when there is some sort of economic news so I was somewhat surprised. I'll just stay short and watch it play out.