The $200 million man today switched to what appears to be a half-in position on the up side. The market will want to get rid of him before it moves up further. So unless he gets out of that position quickly, I would expect some sort of down activity coming up. On the positive side, the Nasdaq got more negative today, which is good for continuing this rally.
The S&P 500 so far this week:
Monday: 65.42/258.77
Tuesday: 68.32/253.94
Wednesday: 67.05/205.54
Today (Thursday): 154.87/186.65
The Nasdaq 100 numbers so far this week:
1.63, 1.93, 1.83, 1.38
Rob
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