MORNING BRIEF
Just as I was about to blog that the futures were trading flat- they pop higher --
NQ +3.75;
ES +2;
YM +17;
Funny as I was and still am expecting turn around Tuesday to come through- RSI 2 levels over bought near 80- and the VIX will it just hovers near the lows between 16 and 18- and of late offers no value.
Gold trading at $1,100 while the Ten year bond hovers near 3.66%;
The action has been very dull as the market have just drifted up - one day it will get violent and I suspect its coming.
Dougie Kass announcing this morning that his favorite long is the double short RUT 2K - the picture is the double long- Dougie been wrong for a while - is he due for a big winner?
Anyhow- some good stuff from Barry as he checks a health care map - too bad they don't show it on CNBC;
Some problems with the energy data;
And GS planning on low rates for quite a while;
1 Comments:
Nice post on gold.
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