Trader's Daily Notebook: Sadly for Bears, No Fear to Be Found

"Fear? That's the other guy's problem." -- Dan Aykroyd (as Louis Winthorpe III) in Trading Places 

After Tuesday's bullish reversal, and another session where most participants entered the day expecting some level of increased bearishness to stick, I suspect bears are ready to call it a week. Not only did the E-Mini S&P 500 futures (Es) recapture the opening print during the second one-minute bar, but it also failed to close even a single five-minute bar beneath the session's volume weighted average price (VWAP). To make matters worse for short-sellers, the Es finished Tuesday's session at its highest level in a week. Fear? What fear?...513 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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