S&P 500 Emini Futures Day Trading THE GAP

S&P 500 Emini Day Trading Gap Monday April 12, 2010

S&P Emini 500 Futures continued it’s inexorable march to the 1200 level on Friday.  The low volume up trend is beginning to worry analysts.  A local newspaper article from a national source quoted a well known market analyst who is wary of the lofty highs the market is attaining, since volume is low.  Friday scored a new high on well under average volume.  The emini’s may continue to the 1200 level, but it certainly is time to insure the downside of any longer term portfolio.   Day traders, however, will continue to do our thing, trade the signals, and be in cash every evening.