When things are up this much in a single day… over 1.5% in stocks, +2% in metals, over 2% in grains, energies and currencies over 1%, – the quote board starts to take on that atomic green color (Atomic Green, Nuclear Green)
See what we mean:
Is this the snap back rally we feared in our Monday newsletter? By our estimation, it would take 2 or 3 of these to start stopping out MF short positions and causing the disastrous June we talked about – but Atomic Green isn’t the color managed futures really wanted to see today.