Futures
February 27, 2014
Hot Rolled Futures: And Here We Go...
Written by John Packard
Financial Markets:
Two weeks back on the 13th the S+P 500 was approx 1825, and, as I mentioned, headed to test 1846 again. We bounced of that 1846 on the 19th only to retest it again on the 24th with better results, reaching our 1858 all time high. Since then, we are essentially sideways in a 1840-1854 range, and looking likely to head higher still to test 1900. We are essentially a hair away from the 19th’s all time highs, and I’m pretty sure we are already today at all time highs in DOW or NASDAQ and such. Who needs commodities, or an opinion on their direction, when we have the stock market. Just buy the stock market and make money. Lest I remind anyone, of course, we are at all time highs.
