The Fred Report - Weekly May 17, 2010
This week is options expiration, and is the first one in a while where there has been a surge in put buying in the equity indexes. Often this leads to very volatile trading. We note that Friday’s rally on the TLT filled a gap, and if this market turns down this may signal a move back down to the bottom end of the trading range. Indicators on oil are suggesting at best a weak rally, and likely no rally at all.
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