Random Poker Thoughts

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After 4 weeks of strength, the S&P finally put in a red candle, a narrow one, but a reversal bar nonetheless. While this doesn’t mean the market HAS to pull back, it suggests the market may be willing to take a few profits here and make prices more attractive for long entries.

Last week the S&P successfully tested the 20 day moving average on Monday and broke out Tuesday with the rest of the week spent near Tuesday’s highs. With the US dollar continuing to dive and crude turning up (helping oil production and service companies) the market hasn’t been willing to give back much before the buyers jump in. The only negative has been in interest rates, which have fallen. This generally indicates money flowing out of the market, however in this case it may simply indicate money flowing out of the US Treasury to drive rates lower.

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Any casino that is looking to expand its patron base should consider starting a regular comedy night. This can be the perfect way to get new patrons to come in and to add value to regular patrons’ experiences.