Holiday Float Begins
May 26, 2011 at 13:59 PM EDT
The markets are heading slowly north as predicted in my article yesterday. Feel free to view it here. This is classic pre-holiday action caused by the Federal Reserve and their POMO, along with light volume and an overbought Dollar short term. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $132.88, +0.49 (+0.37%) while the [...]
