Bounceback !

It is always tough to draw any conclusions from futures, but it looks like we may recover at least some  of yesterday’s sell off.

Traders should watch yesterday’s lows if the markets roll over.

 

UPDATE: Dow futures now +600

 

 

click for updated futures 

2015-08-25  FUtes

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What's been said:

Discussions found on the web:
  1. Concerned Neighbour commented on Aug 25

    No one could have prredicted this….

    The correction didn’t even last a nanosecond this time. More like a picosecond.

    The “markets will not be allowed to fall” narrative is still very much intact.

    • b_thunder commented on Aug 25

      Yes, as Barry says “we may recover at least some of yesterday’s sell off.” Today.
      Three thoughts:
      1. Try to find a daily chart from Sept-Dec 2008 with the dates of Fed actions superimposed.
      2. The US markets rally on Chinese Central Bank news: yes, definitely it’s all about the “US fundamentals.”
      3. The US markets rally on Chinese Central Bank news: but…. but Janet Yellen says that international events play but a tiny part in the Fed’s decisions about the US interest rates. So the “lift off” in “on” again, or the Fed’s back to “they know nothing?”

    • DeDude commented on Aug 25

      Yes nobody could have predicted….. I am glad I rebalanced yesterday rather than today. At least I am glad today – and who cares about tomorrow.

    • Concerned Neighbour commented on Aug 25

      Indeed, a surprising intraday reversal. I wonder which central bank will try to prop it up next.

  2. VennData commented on Aug 25

    Thank goodness for the steady leadership provided by McConnell, Boehner and the snowball throwing James Inhofe threw Obama’s crisis. Without these Anchor Daddies, we would be without the moral compass this country needs.

    • boveri commented on Aug 25

      And speaking of anchors, you might want to call Trent Lott back. He can drag an anchor with the best of them.

  3. parsec commented on Aug 25

    Oops. Dow up 400 in the morning, down 200 at closing. More adventures to come, perhaps?

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