Wow, George Chamberlin may be right, today: he said that since the market opened down today, that it would close up today, the pattern that we’ve seen on Monday and Tuesday (open up and close down).
Yep, makes perfect sense: durable goods orders down, even after backing out defense and aircraft, and the market goes up.
And, it looks like those day traders made their gains on SDS yesterday, and got out this morning: S&P 500 up 0.6%, SDS down 2.0%.
