There are so many things going on with the USD, that the market drops on a dime these days because of it. What a beautiful gap down this morning, to a near perfect recovery from the lows of the day.
SPY - Dropped from 110.82 to 109.10; settling there most of the morning and afternoon session, due to President and Fed Chairman on the Television. About 1:30 PM ET, we started to get a bid on SPY and started to move off the lows and closing the gap left in the morning session. Finishing the day down slightly to flat for the day.
Real numbers tomorrow GDP and Housing, we flushed the Initial Unemployment numbers . . . maybe we can run the market into the weekend, humm. Keep The Powder Dry.
