Tag Archive for 'TRAN'

Historic Bullsh!t

Published on August 4, 2011, 9:03 pm in Trading. Closed Tags: , , , , , .

Yes it was the worse day for the markets since December 2008! Just look at some of those numbers for just the 4 days of this week: Energy and Transportation down 10%; Russell down 9%; Banks down 8%; Semis down 7%…just ugly! Get a perspective here at A look at the Dow’s worst drops since 1900.

The VIX finally perked up with a 35% pop today and ES volume was enormous, relatively speaking with over 5 million ES contracts traded. Haven’t seen that since…well I don’t know when…but it’s been a long time!

And did you see the NYSE Advance/Decline volume? …-84:1 WOW! I guess traders aren’t going on vacation…they’re lurking!!

Share

A lot of shaking going on!

Published on May 25, 2010, 10:44 pm in Opinions and Trading. Closed Tags: , .

I stepped away from the market today. Just didn’t want to climb on to a bucking bronco with my confidence already bruised from yesterday. Besides, I had a meeting to attend and was away from the market for 3 hours.

This morning was a 2008 flashback morning with futures down big overnight and an even bigger gap down at the open. The Dow went down almost 300 points before deciding that was deep enough! 8)

Besides currencies, we actually had some geo-political strife in Korea to mix things up. Spain contributed its banking issues and bonds were issued all over the world. Did you get shook out? Looked like a classic after all was said and done….run down, pop the stops and start back up…and it happened pretty fast once the markets opened. Consumer sentiment seemed to help get markets moving to the upside….the Dow closed above 10K and the S&P, Nasdaq 100 and TRAN the transportation index actually closed green…not much, but green. :mrgreen:

Share