If you had bought the SPY at the open for $110.72, you would have made a whopping 10 cents by the close for a 0.09% gain.    Meanwhile, the media was all over the big up day the market supposedly had with the S&P 500 showing a 1.36% gain.   That’s quite a difference (0.09% vs. 1.36%).  If you take a quick look at the daily chart, you’ll see that all that gain came from the premarket futures hype….not real trading volume throughout the day.  In fact, the pathetically low volume we did have mostly resulted in lower prices.   And for all you believers in the idea that if the dollar goes down, stocks go up…..1446 of the 3107 stocks I cover (47%) actually went down today.   Of the losers, the average decline was -1.6%.

Beware deceptive markets like this….things are not being presented the way they really are.