CNBC is cheerleading the Dow to 10,000 this summer. Nevermind its the last day of April (window dressing) and we have the "Sell in May and go away" theme starting,,,Tomorrow.
It's interesting to note the Premium/Discount in the spread between the Dow Industrial Cash market and the Futures market. The September YM contract is at a 100 pt discount to the Dow cash currently.
Lets see what happens to this Futures Premium Trade in the next month, I expect the two numbers to get closer together, making me money in the process.
Trade setup-
YM Futures Contract- Short June, Long September.
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