Tag Archive for 'government'

Just Take Care Of Us

Published on May 7, 2012, 8:03 pm in Opinions and Trading. Closed Tags: , , , , .

Europeans, specifically France and Greece, have spoken and have said: “I don’t want to work, just take care of us!” Ironically, they have all found jobs with the Obama campaign! :lol:

Markets really didn’t like that news overnight as they felt around for a new low. Traders though decided not to go with popular opinion and started an up move from the US market open. After a gap down open, markets pushed upward in a sloppy kind of way, on low volume and no news. Actually the entire week looks to be light on news.

And other interesting stuff…

Difficult trading ahead

Published on April 5, 2012, 2:10 pm in Trading. Closed Tags: , , .

On Friday we have the BIG monthly employment numbers coming out, but the U.S. markets will be closed, so no trader reactions will be seen. And then on Monday, most European markets will be closed, so nothing going on there.

It won’t be until Tuesday that we will see full world trader reaction to those numbers. By then of course, something else will come up for us to mumble about.

Do the hustle…I mean math

Published on April 5, 2012, 9:09 am in Opinions, Tools and Trading. Closed Tags: , .

So how do you trade these numbers? Initial Claims for this week is 357,000…which is 2,000 more than the expected 355,000. Based on last week’s IC of 359,000, traders were looking for a decrease of 4,000 claims. Not much, but going in the right direction. But (there’s always a but…) last week’s claims were revised upward (aren’t they always?) to 363,000. So is the “expected” number based on published numbers (-4k) or revised numbers (-8k)?

Now then, we reduced claims by 2000 based on last week’s numbers or 6000 based on revised numbers. Last week’s published numbers are bogus. Either way, expectations were not met. we either missed the expected number by 2000 or 6000 depending on which numbers you use. Glad I took all those geometry, trigonometry and calculus courses in college! 8O

Related articles

Words

Published on October 18, 2011, 8:48 am in Trading. Closed Tags: , , , .

There is going to be a lot of words thrown about this week. Besides the eco reports, PPI, CPI, Housing Starts and Philly Fed Survey, there’s a Fed governor speaking every day…sometimes twice a day. The markets will be listening with one ear towards the FOMC gobbledygook and the other ear aimed at Europe. And the markets will get squeezed in the middle!

Don’t forget, it’s OpEx week as well. What a recipe for volatility! 8)

FOMC…FU

Published on September 22, 2011, 8:20 am in Trading. Closed Tags: , , .

That’s what traders are thinking….fu! Shifting from short term to longer term bonds and standing still on interest rates? That’s your way of working through a recession/depression?

Even better-than-expected Existing Home Sales couldn’t help. And the strong tech sector finally gave it up also. Looks like we may get some downside follow-through on Thursday. Oh my:!:

Again…

Published on September 19, 2011, 11:06 pm in Trading. Closed Tags: , .

Yes again, the european news mill whips around the US stock market on rumors and leaks. Boy is this tiring! The President couldn’t move it, nor could housing news. Nope. Just that european BS.

For a while the markets recovered…looked a lot like a key reversal. But futures are back to their lows this evening. Let’s see what kind of news crap the eurozone comes up with on Tuesday.

0 for 2

Published on September 9, 2011, 9:42 pm in Trading. Closed Tags: , , , , .

Y’know on Thursday we had two highly anticipated events. First there was a speech from Bernanke. Those of us watching the markets for a response from the Fed were sadly disappointed as stocks tumbled into the close. So I guess the Fed, or Ben specifically, is just setting traders up to take action at their next meeting Sept 21st.

But then the big one from President Obama took center stage Thursday night. He unveiled his jobs growth plan. As usual, he spoke well, but it may take some time for investors to research the true value of these concepts. And more so, how the hell do you get a congress to make the ideas law?

Since it will take a bit for traders to fully digest BO’s speech, they decided to regurgitate all over the markets as the indexes trended down all day….A/D volumes down big, TRIN at over +5, Dow down over 300 points…. the final verdict will become clearer over the next couple weeks.

Now let’s hope nothing crazy happens over the 9/11 weekend!

Zero, zilch

Published on September 5, 2011, 11:11 pm in Trading. Closed Tags: , , .

What jobs? No jobs!

Futures took a dive for the holiday shortened Monday session and are continuing the downward pressure. Looking like a stinker. But remember, the Fed can step in at anytime and turn this around. Really hard to trade around this.

Welcome back…

Published on August 9, 2011, 10:25 pm in Trading. Closed Tags: , , , .

So is QE3 coming or not? Maybe not, but the “Bernanke put” is back! A song comes to mind… Welcome Back My Friends to the Show that Never Ends. We regained two-thirds of what we lost yesterday, so that’s nice….but why? Stealth QE3 Is Upon Us, how Ben did it and what it means.

It was definitely a rollercoaster day as indexes moved in both directions all day long. It took about an hour to go from the low of the session to the high, closing near the highs…and the futures continued to go up after the cash close. Boy was that last half hour ever exciting!!

Volume was the highest in the last 3 days and the VIX returned about half what it gained yesterday. Some wild and crazy action for the last 2+ weeks…it’s getting frustrating. :!:

Scary Dive!

Published on August 3, 2011, 10:41 pm in Trading. Closed Tags: , , .

Markets opened with a dive which looks like some bulls capitulated. Scary! But after about 90 minutes, the long upward trek began and all the indexes closed in the green. I guess that TRIN thing works.

Volume was up…finally…but strange for a hot August day. It also looks like everyone is using their MasterCards. MA had blowout earnings.

On the flip side, condolences to DNDN bulls. It dropped 60+% afterhours on a lousy report.

Congress goes on vacation until after Labor Day…so you would think that should rev up the market. But be on the look out for Jobless Claims on Thursday and Employment Report on Friday.