It's the last hour of the day (and week)... Buckle your seat belt

Technical Analysis

Author: Greg Michalowski | sp

Major indices off the low levels but still down on the day

if the last hour of the day- and the week - which means buckle up your seat belt.  Volatility in the last hour has been high. With the weekend approaching, it's hard to think that we won't get a continuation of them volatility today.

At 3 PM, a snapshot of the major indices showed:
  • S&P index -41.85 points or -1.66% at 2485.05
  • NASDAQ index -131.15 points or -1.75% at 7356.15
  • Dow -353.26 points or -1.65% at 21060.18
Crude oil futures may also have some after settlement volatility. It is currently trading at $28.53 which is up $3.20 or 12.64%.  There is supposed to be a meeting of OPEC members on Monday. That is leading to some short covering into the weekend

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