As I pointed out the other day, the volume spike caused by the triple witching Friday has created a technical signal of a market bottom. I think this is part of the reason why the bounce last night.
What were the volumes last night with this bounce?
Who were the buyers and who mostly stayed away from the move?
What stocks moved most and least in the US?
Were those stocks the ones which have the most influence over the indices there?
Will this be a 4 day bounce like 2 weeks ago?
To my original post, 2 more up days is highly likely to provide the reasoning behind a 1% increase in interest rates. As pointed out by others here, this shows there is still much demand in stocks by retail which results in inflation.
A 1% rise would also provide benefits to any of your friends who are positioned for a fall in the markets.
Follow the big (smart) money
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