Getting Better At Waiting Game

For the past few days, U.S. stock market has been shrugging off bad or lackluster economic news and marches right along. Thursday, June 2nd was no different. On Wednesday, S&P 500 futures first tanked and then recovered. It was a repeat performance on Thursday. Despite the fact that the big Kahuna of economic report is…

Market Diary – Thursday, June 2, 2016

10:15 AM: Futures Fell Off The Bed At Open Futures were drifting down before the 9:30 AM NYSE open. They tried to hold the fort for 15-minutes before giving up and plunging to 2086.75, near support by 9:50 AM. Since then, futures are trying to bounce but the prior broken support of 2091.25 is acting…