In overnight trading, the S&P 500 e-mini futures (ES U1) have been all over the map, trading as high as 1286 per contract. This morning before the opening bell, the S&P e-mini futures are trading higher by 2.75 points to 1289.75 per contract. It would be prudent to expect the markets to remain very volatile as every news report out of Europe seems to be effecting the intra-day action in the major stock indexes. Yesterday, was one of the most volatile trading sessions that we have seen since the stock market correction began on May 2, 2011. The problems in Europe are expected to last throughout the rest of the year, making this a traders paradise.
Any thoughts on ANW moving to the Russell 3000 after today Sun?
Yes I have lots of comments on the Russell reconstitution. Will post some analysis over the weekend. Also, need to get back and update my models. I know I haven’t posted those for two weeks now. Sorry about that.
I meant to say EEE moving to the Russell not ANW. The only place ANW is moving is down the toilet.
Haha yea with Greece in such dire conditions, I think people should stay away from all Greek related stocks.
What do you think about EEE moving to the Russell 3000?
It definitely gives the name more exposure especially to mutual funds that are managed against the R3000 benchmark. Besides that, there isn’t really too much more significance.