Algokid
Long

Bank of Japan boosted their QE program. S&P futures New High

AMEX:SPY   SPDR S&P 500 ETF
The BoJ just announced the expansion of their "QE" from 60 trillions to 80 Trillion Yen. This is an unexpected move by the BoJ, as this announcement wasn't expected anytime this year.

The Nikkei closed up 4.84 %, S&P 500             futures made a new all time high at 2016.75. I expect the SPY             to make a new high at the open as well.

What a week this has been for bulls. Just when I though this was the end of the road for them, they come back with a 6.40 % return in less than 10 trading session. The SPY             is back above it's moving average , and will most likely stay above it till the end of today.

Cheers

Algokid

4:03 am
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