Market Rap 09 September 2009
The S&P moved higher out of the gate. About midway through the session, it sold off about 10 points and found support at yesterday’s high. The pit was quiet all day, save a few minutes before and after the Fed beige book was released. S&P Futures - 15 Minute S&P Pit Contract - Daily Spot Gold

On the daily chart, the market has rebounded from it’s (ever so slight) sell off last week. Over the last four sessions, there has been a relative increase in volume in the pit traded contract. Any time volume veers from it’s average, it is worth noting.

All eyes are still on gold, which is consolidating after last week’s ascent.

I am flying home from Singapore and will be back tomorrow.
And that’s a rap.




