It gap up in the open after the holiday break.
All the market did was to buy...buy...buy...and the sellers (shorters) were absent (where are they?).
It will be a short trading day today for the market will be closed at 1:00 pm. ET.
Let's see come Monday's market if the positive sentiment will continue.
Today's market is the best day for would be traders or for those struggling/losing traders (like this one).
Not much noise/volatility for the notorious HFT's are still drowning from the devil spirit of alcohol (err... wine?) because of the holiday? Sorry...just trying to sensationalized this post a little bit to make some attention from my readers... if there are!
But who am i to categorized that this kind of market is best to trade while the majority of the participants are out.
Through market presence regularly i can say that was the market behavior since started watching the market from years back.
It's like taking advantage from the drunkards while they are drowning and steal? profit from their absence.
The market is an exercise of human behavior and if you can read their minds (the minds of the markets), you can make the difference and take opportunities that the market offers.
