US indices pushed higher (except info tech only slightly down after a major drop reversal). The volumes through the session were not elevated just like in Oz (lack of sheeple attending this major event). 30%+ were in the last 30 mins or after the market closed (eom rebalance i guess). Therefore the play was all institutional again like in Oz. The end game approaches and whichever insto pulls the trigger first will likely cause the cascade. Mid session reversal / dump likely to follow at some stage.
Energy stocks were up on falling energy costs. Materials stocks were up on falling commodity prices. Real estate stocks were up on falling housing data. Logic isn't there so this won't last.
No targets, just ongoing observations day to day. Markets up for now.
With housing sales in the US collapsing and inventories increasing, their housing crisis is about to hit the fan. Panic selling soon to occur as owners cannot afford to retain their properties.
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