daytrading feb 28 morning

Good morning Traders. Thanks Michelef.

Last day of summer today here in OZ. That means must be last day of winter for the northern Hemisphere folk.

No wonder Natural gas prices have fallen over 25 % in the last few sessions as there is light at the end of the tunnel after the big freeze in the US.

Noticed yesterday that Sydney had had its driest summer in 27 years and Perth had only got something like 2mm rain …. Cripes!

S & P hits a record closing high and just 4 points shy of its all time intra day high. Wow! break out the champers.

The question is where to from here. Are those that missed out going to jump on the wagon or is a pullback in the wings? ( where’s that damn crystal ball)

Yellen still in accomodative stance and wating to see if the cold weather was the only reason hampering the US growth. At least she is not trigger happy either way …. “patience my dear”

So full steam ahead in the mean time ??

JC penny stock up an amazing 25% after falling for the last 3 months.
I thought it was up the stairs and down the elevator, looks like it is the other way around?? Toot toot!

Good luck