Oil small caps, medium
House of Cards release date/time in 1/2 hour...
Futures dropping rapidly but with a sustained pressure from near 210 down to 209, picking up only very small buy orders along the way. 3:15am brendon tristal short spy!
Spy is enjoying the bounties of life lately. Things are looking more and more like a PULLBACK is due. Waiting for MACD Crossover to SHORT.
The dovish Fed may even "reverse course" in order to maintain the honey-badger 18K DOW market. JNUG, gold miners stocks shot up even more, SPY continues its climb over 210 now. Waiting for MACD crossover on this one, then it's downhill, unless we get a FED QE ANNOUNCE.
We are still overdue. The only thing that's changed since that sentiment is that we've gone higher, longer.
With all this volatility I will be surprised if this rally continues much beyond this channel, as we approach the Feb. 28 deadline for the Grexit. I believe it could shake up the euro and have effects on global markets until and even beyond that point.
Despite major news coverage regarding twitter hacks and cybersecurity, Twitter continues to climb, despite the negative coverage. No positive moves either.
I see a divergence between the large financial firm and the overall index. Could the Grexit have something to do with this?
It appears that SPY is beginning to enter a downtrend, already having backed off from making new highs several times.