SPDR S&P 500 (SPY): If the market goes against the GDP news,...

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Re: USDollar post# 217548

Friday, 10/28/2016 10:42:48 AM

Friday, October 28, 2016 10:42:48 AM

If the market goes against the GDP news, it's because earnings have to exceed bond yields. If bond yields fall enough, the bonds will rally and keep the market down.

Right now you have a giddy emotional reaction, IMHO. 216 is actually possible by EOD.

We rally off the 100 SMA, is my bet. If if goes back to test 213.50, you should cover. IMHO

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