Most traders have left ahead of the weekend and the highs are probably in now. Furthermore, QM (oil) is finding a bid, now at daily highs. No one wants to be short oil over the weekend. All major indices are still trading withing Tuesday's range. ES is the weakest on a relative basis on rate concerns. Noting that NYSE new yearly lows outpace yearly highs, which means many stocks were dumped on this bounce, most likely interest rate sensitive issues.
This entry was posted
on Thursday, April 13, 2006 at 9:47 AM.
