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Thursday, May 10, 2012

Market Barely Breaks Streak Of 6 Consecutive Declines , As "Buy AM, Sell PM" Trading Turns Chronic



Tyler Durden's picture
Submitted by Tyler Durden on 05/10/2012 16:07 -0400



Equity markets did not disappoint today in their automaton pattern today with the 4th day in a row of buy the morning dip and sell the afternoon rip. Gold was stable (as was the USD) and the S&P 500 rotated back to their reality at the close. Treasuries were notable underperformers today. The Dow just inched into the green, breaking its 6-day losing streak.
The S&P 500 e-mini futures continues to trade the same pattern...

while Gold and the USD held steady as stocks tried and failed - but notable Treasuries leaked higher in yield...


Charts: Bloomberg
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