Here's something you don't see every day. . . the NYAD at almost 100. Of course it quickly faded to 50 and is now down to 25, but you've got to remember that a reading of 1 is neutral so this is wildly bullish. Quite a switch from Thursday's .03 readings.The market is essentially a history of the strong shafting the weak and two (of many) articles by the cognoscenti Zero Hedge here and here lend some clarity to the otherwise headscratcher market behavior on Thursday.
And, for those who haven't accessed it yet, the HFT article in FUTURES cited in Friday's post is also a timely resource.
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