Bear Market Coming
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Round 2 of the bear market is coming. First let’s look at the S&P futures that today saw the lowest volume of the year. Over the weekend I talked about how we needed more of a rally to squeeze traders out of their positions. Today we have come to a formidable level where the S&P is having a tough time getting through. Keep an eye on the 1945 level in the S&P Futures. What really concerns me is the bonds though. The bonds are just not backing off today despite the rally in the market. This combined with the low volume tells me that traders are not pulling money out of the safe haven of the bond market and putting it to work in the stock market. Let’s take a look at a few trades I set up today.
