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Smarty Hoofy

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And.....they're off!!!! It's a new month Minyans - Good Luck!

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On Saturday, Smarty Jones became only the third favorite to win the Kentucky Derby since 1979. If there was a toteboard for Monday's market close, Hoofy would be the odds-on favorite to win. The combination of month end, consecutive lower closes, FOMC, and first of month in-flows suggest that today's close will be higher.


I ran several queries based on the recent action in the SP and ND futures. The output was consistently bullish for today's close. There are two tables below. The first applies to ND futures and the second to SP futures.

As always Minyans, past performance does not indicate future results. If there's one thing we can learn from the past performance of the Derby -- it's that the odds-on favorite hasn't always won!

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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