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Insiders Club - 2.5.2015 Bookmark

2.5.2015

Yesterday I mentioned some of the time slots where the market seems to make moves. Heading into the final hour, we had gotten a little bump at the 2:15 time slot, but it wasn't significant. As we got into that final hour however, the 3:30 ramp up express was kicking in and from about 3:15 on, we saw buy program after buy program. By 3:40 we had been up 100 DOW points, much more than I would have expected given the action of the previous 5 hours.

But then in less than ten minutes the DOW had gone from up 110 to RED by 10. What happened? A headline hit that the ECB is suspending the acceptance of Greek bonds.

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