Wed June 3 - The pain trade

SPI Futures traded in a rather normal 55 point range last night, with a high of 5873, low of 5818, and a close this morning of 5861, up 31 points, on volume of 13,493 contracts. Gaps from last night are down at 5837, 5834 and 5823. Gaps above from a previous day are up at 5910 and 5924, then down at 5568. DOW up 1.05 pct, SNP up .82 pct and Canada (resource driven) up 1.04 pct. VIX down 4.92 pct to 26.84. All 11 sectors of the SNP increased as what was described as a "pain trade" to the upside, which means those awaiting a pullback were presumably giving in and chasing the market due to re-opening enthusiasm and a 'potential' limited virus vaccine that 'could' come by the end of the year. Have a nice day.

	Column 1	Column 2
1	mce-anchorH	5873
2	L	5818
3	C	5861
4	R	55
5	R6	5906
6	R5	5892
7	R4	5885
8	R3	5878
9	R2	5872
10	R1	5864
11	PP	5851
12	S1	5837
13	S2	5830
14	S3	5823
15	S4	5817
16	S5	5809
17	S6	5796

Today in 2019, US President Donald Trump began a three-day visit to the UK by calling London Mayor Sadiq Khan "a stone cold loser" after Khan called Trump's language that of a 20th century fascist. Do ya feel the pain ?