Friday, September 30, 2011

Intraday update

We opened with a gap lower (another day, another gap...). Pre-market we had some economic data, most were near misses. Then just 15 minutes into the session, Chicago PMI was a lot higher than estimates. It created a big spike up (+8 in S&P), but the minor rally was faded just as quickly. We're now trading in a range with a slightly higher high & higher low, but metals are getting trashed again... Let's see if they can bounce.

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