Dave, thanks for your recent prediction about this, which enabled me to scalp a tidy profit from the SP spike. Shortly before 8:30 EST I bought some SP 500 – leveraged 20 to 1 – then watched the 8:30 spike you predicted, then got out as soon as the spike began to dip. I closed just before it hit 2100, because I knew 2100 was the symbolic figure the machines were targeting.
And I took an extra little scalp from the simultaneous gold spike, again getting out as soon as the spike stopped.
PS, I also got back into shorting Amazon as it opened with a hedge-fund/algo spike at exactly 9:30 EST, as it was front-run primed by the anticipated non-farms payroll Soviet data.
NOTE: The DJUSHB homebuilder index is pulling back too. Great time to short homebuilders. HOMEBUILDER SHORT SELL REPORTS
Especially with the price of lumber crashing AGAIN: LINK