15 May 2013 AMC
Market Summary
Market Internals
Leaders and Laggards
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Briefing's Commentaries
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Jason's Commentaries
Market is up again... and it's really getting funky when the VIX goes up 2 days in a row when the market is marking new highs.. This is definitely some divergence. Volumes were higher than average at 742m shares traded on the NYSE. Market opened at a exceptionally bullish run until lunch, the market washed out most of its gains. However, after the bond market closes, market went into another rally again to close at additional 60 points. It was another very volatile day for the metals and the agriculture futures as well. Most commodities were down at 5pm ET. The Dow futures signs a flat start to the day, but I reckon the unemployment claims is going to rock the market again. If there's any shortfall in expectation, the market is likely to poise for a correction.
Market Call: FLAT to downside
Date: 16 May 2013
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