According to data captured in Charles Schwab’s most recent Trading Services Sentiment Survey, only 10% of traders say they have a bearish outlook for the next three to six months.
Up on light volume, crude then falls, focus shifts to Nat gas draw. Heat through chimney may soon annoy! As storage drawdown brings bulls some joy. Ho! Ho! Ho! Who would have known?
Gains made by indexes Wednesday were impressive, but all strength this side of new highs will prove to be futile gesture.
CBOE announced today that a New York federal judge ruled in favor of S&P Dow Jones Indices (SPDJI) and dismissed an action brought by International Securities Exchange (ISE) that challenged SPDJI's rights to license its indexes for use.