G-20 Stimulus Sends Stocks, Commodities Trading Higher

November 9th, 2009

G-20 Stimulus Sends Stocks, Commodities Trading Higher – Morning all! Great long weekend I hope?

 

This morning we see the futures shooting higher (as expected) on the G-20 Summit expectations to stimulate the economy further. Whether its good long term for the dollar (which it’s not) or the economy (which again it’s not), stock futures are shooting higher and up by more than 1% already. Now, we said a week ago now that this would happen and it’s playing out wonderfully for us. This FINAL peak (which should happen later this week) will be the LAST of the rally from the March lows. After that it’s down, down, down.

 

Here is what the intra-day looks like on the S&P 500. I’m expecting things to stop around the BLUE level.

 

SPX

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