Friday, September 30th, 2016

SPX regains lost ground..


In the daily saga of of one day down and another day up we are back to the 1598 highs and now may be trying to break the 1600 barrier. Most of the market was bouyed because of ECB rate cut and other good news. Indexes had a nice up day RUT retraced 68.1 % of yesterdays lost ground and it was non stop action to the upside right from the git go. NDX flashed one of the most aggressive days on record with bullish candle.

Friday is the unecomployment report which is always a surprise. It will be interesting to see how the market takes it in the Feds QE driven set up.

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