班长指示;Flat open, so any gap will be filled. Still it's very rare what we had yesterday was just an one day event, so USUALLY the very first pullback is buy.
Global ES had a sharp pullback from 1250, which, ironically just told us the up target at least is around 1250, because once again, you early people like to try twice before trying the opposite side.
Last week investors scoffed at the steps Europe was taking to clean up their debt mess. Today there is greater realization that the ECB's new bank loan program is a stealth form of QE and that it is more powerful than previously understood. With that, their bond rates are coming down and stocks are going up.
indicators had signaled a base was forming from which to launch a year-end, stunted rally, which is expected to pause today in order to correct an acute overbought state and then resume and drive the DJIA up to resistance at 12,300.