- Another roller coaster day. Opens gapped down 1.5%, runs straight up 2% in first hour, chops in broad sideways for 4 hours, and then plunges 2.5% in final hour. There is a bull bear battle going on when you see this whippy back and forth action day after day...similar to late April. Very tough environment....still negative. VIX still elevated indicating fear and put insurance purchases.
- This link of the SPY better shows you the overnight gap action for the past 9 days.
- Visualizing the BP oil spill...overlayed over NY area.
- Krikee!
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