The bulls have been winning and the technicals are sickly. Nobody wanted to be short before GDP tomorrow. So short covering started at the open. Then the late party shorts showed up and they are what squeezed us higher.
As for a gap tomorrow who knows. It sure does feel like the rest of the world is looking at our economic data more than we are. Last night on CNBC the Asian economist were really talking about the bad housing numbers.
Some of my fills today were at the top ticks.
Maybe those asian economist will be talking about our great "Jobs Numbers." O yeah the jobs numbers were bad because of the weather.
Bonds traded nicely all day today and once again the vix is showing extreme complancy in this market. Good luck to all the longs out there.
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