Emini Trading Update – Tuesday 13 Mar 2012 (13:51)
Well, what a day. The bears have been underestimating the strength in this market all along. Today might be the first Exhaustion Buying day since this rally begin mid-December – and we’ll have to see Bearish Divergence patterns before it’s over.
I was out way too early (what’s new) in this morning’s Long trade. But was seeing a lot of Supply coming into the market. In retrospect it just shows the Demand was just non-stop and kept on eating up the Supply and pushing up through the overhead. In the day trade section of the video I’m amazed a couple of times at the volume of new Supply coming in.
Link of the day …
And are we seeing the beginning of a down trend move in Bonds? I think so – but the Fed is always there to stop a rout and spike in rates. So we’ll see.
This is the best little article on rates and Bonds I’ve read in a while. Thank you Business Insider: The Market’s Greatest Contradiction Will Soon Come To An End.
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