Fed Buying Futes

Posted: April 16, 2007 in Charts, Futures, Stocks, Technical Analysis, Trading

Seems like the only thing moving this am is Solar STocks, Jones Soda, two take under names, SLM and GOOG and the futures. Volatility is dead. WE are back to 11.5 on the VIX and the only thing driving this market seems to me to be the index futures. So we are having a fun time sitting on our hands and watching vols drip and futures drive us. Waiting for signals to come and t hey aren’t there so lots of reading again today. Feels to us if the futures don’t keep driving us we could see a sell off this move. Just no follow through with stocks as far as I can see this am. Isolated strength and even that is waning.



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