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Minyanville's T3 Morning Market Call: Market Making Traders Dizzy
Futures have turned slightly lower this morning following yesterday's reversal back to near highs in the S&P (INDEXSP:.INX). It has been a confusing three-day sequence for traders after the index closed on its highs Friday and it looks like back-and-forth action could continue this morning. Stocks gapped down Monday and continued lower during the session with the S&P closing below its 8-day moving average for the first time this year. Yesterday after traders had started to prepare for a potential pullback the market opened sharply higher and rallied during the session to erase most of Monday's gains.   The bullish trend remains intact ...
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