Friday Feb 28 - Giant Penguins

SPI Futures broke the previous record last night, trading in a 210 point range , with a high of 6659, low of 6449, and a close this morning of 6452, down 164 points, on high volume (for us) of 44,703 contracts. The downward thrust started at 21:15, with a 113 point red arrow, then she tried to claw back, but selling accelerated into the close. Gaps left behind are up at 6657, 6615, 6593 and 6497. I note that after SPI futures closed at 6452, the IG SPI CFD went down another 50 points to 6400. US markets now in correction territory (down 10 pct), but not in bear market territory yet (down 20 pct). Dow down 1,191 points, or 4.42 pct (its worst one-day point drop in history), SNP down 4.42 pct, and Canada (resource driven), down less at 1.90 pct. VIX up 42.09 pct to 39.16 - however, remember that she was in the 90's during the GFC. Yep, those markets were toppy a week ago, but just like giant penguins, the higher they grow, the harder they fall. Have a nice Friday, the anything can happen day. I read this morning the US markets of being hammered due to virus fears of what 'might happen', not what 'os happen' Stay nimble... I'm off to take a snooze..



Today in 2012, saw the discovery of the largest prehistoric penguin, Kairuku grebneffi, at nearly 5ft tall, in New Zealand. Bones of the species were first discovered in 1977, but it was not classified as a distinct species until 2012. Yes traders, when I meet new people, I always tell them about my giant pet penguin... It's a great Icebreaker..

	Column 1	Column 2
0	mce-anchorH	6659
1	L	6449
2	C	6452
3	R	210
4	R6	6730
5	R5	6678
6	R4	6650
7	R3	6625
8	R2	6600
9	R1	6573
10	PP	6520
11	S1	6468
12	S2	6440
13	S3	6415
14	S4	6390
15	S5	6363
16	S6	6310