26 October 2010

26 OCT 2010, Tuesday (AM)

  • POMO day today!  Da Boyz get more cash to hold the market up?  Are they holding it up for the elections?  The 3 NOV FED meeting where they may announce QE2?  Market seems to be priced for perfection.  Makes me nervous.
  • Interesting how this latest move looks like the FEB-APR move earlier this year.  All up with no pullbacks.
  • Price above moving average guides but stretched.  There's not much to say since nothing has changed. 

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