I Agree, I did not really see any fundamental reason for the rally. Iraq has certainly been a touchy issue so anything that seems like Good or Bad news has been affecting the markets. I would not be too surprised if the markets take it all back tomorrow though, maybe. The move back above 7900 has yet to prove that it can hold the 320SMA support. The problem is that we will not know until tomorrow. I am tempted to pick up some Puts here but will wait to see what tomorrow brings. When the Markets want to be Bullish they can certainly get Happy. Watching CNBC and laughing at Louis Rukeyser and "Once again investors are starting to wave at their stock brokers. And with all Five fingers." LOL! Good Trading Steve! :^)
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