Saturday, April 4, 2026

September 9, 2009

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 Futures - 15 Minute



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.

S&P Pit Contract - Daily

S&P Pit Contract - Daily


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

Spot Gold

Spot Gold



I am flying home from Singapore and will be back tomorrow.

And that’s a rap.

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