On Friday Warren Buffet's Berkshire Hathaway was added to the S&P 500 in place of Burlington Northern Sante Fe after the close. It helps to explain the dumping of S&P shares overnight until 10AM. Traders raised capital to get in on Buffet's class B shares. In minutes after the closing bell traders snapped up about $8 billion worth of shares.
The 60 minute above was real kind with that perfect buy signal at 10AM.
On the daily chart below it was just another day of filling in a classic bottom formation.
WARNING: Trading futures involves risk. You can lose all of your capital and more. Consult with your financial adviser to determine if trading futures is suitable for you.
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