Thursday, May 27, 2010

Rally mode take 2...

Well, it didn't work out so well yesterday, but the markets look to set for another big rally today. I'd caution that the US futures are up 2% on practically no news. The futures are easily moved with little volume but right now the futures are so bright I've got to wear shades :)


* Update - the market has found a plateau that it seems to like right here and it could hold but we'll see what happens when the afternoon algorithms kick in.

The technicians like the market to bounce here for another month or so up another 8 percent. Something to watch.

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