Tag Archive for 'volume'

Baked in?

Published on December 2, 2011, 6:50 pm in Trading. Closed Tags: , .

Looks a lot like the NFP report numbers were already baked in to the market. A nice gap up in the morning, but it dwindled all day. I think people were happy that the unemplument rate had dropped to 8.6%, but they then figured it wasn’t because employment was up, but because discouraged workers were leaving the work force. All those workers who have run out of unemployment compensation were now no longer “unemployed.” WTF!

Oh well…a pretty slow market today for it being an NFP day. Volume was down as was the volatility. Have a great weekend everybody :lol:

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Euro dribble

Published on November 15, 2011, 10:34 pm in Trading. Closed Tags: , , .

Well the S&P eaked out a small gain even though the Eurozone is still a mess. Maybe the good news on the US economy might get top billing for a while. And maybe the techs will lead the way?

With a good retail sales and a decent PPI the markets diverged from Europe and recovered from a gap down. More news coming this week that will mix up an already crazy OpEx week….CPI, Industrial Production, Housing Starts, Philly Fed and Leading Indicators.

Volume has been light this week so far. I would think OpEx would kick it up a bit. Let’s see what happens WTF (Wed, Thu, Fri) :-)

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That was scary…

Published on September 12, 2011, 11:18 pm in Opinions and Trading. Closed Tags: , .

…but ended nicely…as in up! The Sunday night trading was looking real ugly and indexes were down big. The low of the day was made in the pre-market and the high of day was made at the close. Now, do we follow-thru or stumble? The trading days have been made up of wide-ranging days and I don’t see that changing very soon.

Looks like the European banks are going to go through what US banks went through 3 years ago. This still has a lot of potential ugliness.

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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!

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Hurricane Rally

Published on August 29, 2011, 11:17 pm in Trading. Closed Tags: , , , .

Well, Irene was not as bad as the TV networks thought last week, and so, markets rallied today. There was some decent economic news and the VIX continued to give up ground. Overall, a win for the bulls…but on low volume.

It is a week leading up to a long holiday weekend. But there is also quite a bit of news this week…with a biggie on Friday!

Last year at this time…ala post Jackson Hole…we began a pretty big run up in the markets. Of course, there is no notice of QE coming on, so I’m not sure we can re-create the euphoria. But at least we can get happy and hope things will get better. Friday will be the big clue!

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What happened?

Published on August 25, 2011, 10:03 pm in Trading. Closed Tags: , .

The BAC / Buffet news looked like the markets would take off….but no. We opened at the high of day and then went down for the rest of the day.

Big speech on Friday!

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AAPL sauce

Published on August 24, 2011, 10:32 pm in Trading. Closed Tags: , , , .

Earlier this evening, news broke that Steve Jobs is stepping down as CEO of AAPL. It looks like he’ll stay on as chairman, but the stock sold off hard afterhours. It will be interesting to watch this over the next couple of days.

Indexes had a lacksidasical opening and chopped around breakeven until the last hour, when a push put them solidly in the plus column. Volume was less than impressive.

Gold bugs were squashed as margin calls went out on the biggest gold drop since 2008, sending the gold bugs scurrying for cash. Buyers of gold last week or even yesterday, are hurting today…bitch-slapped more like it!

Is it Friday yet? With only 2 days remaining until the highly anticipated Jackson Hole speech, it seems that investors have grown weary of waiting. Is everyone expecting a QE3 type speech?

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Double bottom?

Published on August 23, 2011, 11:40 pm in Trading. Closed Tags: , , , .

Looking like the market has created a ‘W’…but we need follow through and then breakthru that 1200 region in the S&P.

Although housing data wasn’t that good today, China’s PMI was good. Asian markets and the Eurozone lead us into a a very up day. Neither hurricanes, earthquakes nor Greenspan could stop the bulls. Volume was decent for a late summer rally.

Fat Bottomed Stocks make the world go round!

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Up, down and around

Published on August 17, 2011, 12:07 am in Trading. Closed Tags: , , , .

It was a day that accomodated the bulls as well as the bears….and a great day if you go both ways! Volume increased a bit from yesterday, about a half-million contracts in the ES.

While economic news in the US was good, Europe continues to be a world-wide downer. So if Europe could get its sh!t together, I think we could be doing a lot better.

It still is options expiration week….a week designed to take as much money from as many people as money managers can. Watch those puts and calls!

Remember, after Monday and Tuesday even the calendar says W T F . . .

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Wipeout?

Published on August 15, 2011, 8:34 pm in Trading. Closed Tags: , , .

Three days in the green…we haven’t seen that since June. Well if you were a put surfer, it looks like the markets are here to WipeOut all those puts that were bought over the past 2 weeks! …in options expiration week no less. Expect more up and down to clear out calls as well as puts :!:

The last three days have given us the biggest three day percentage gain for the Dow since March of 2009. Today was the lowest volume in 2 and a half weeks…what a change of pace. But if we can grind up slow but sure, well, I’ll take it!

“They say the price of gas could soon be under $3 a gallon. Do you know what that means? You can now afford to drive by the house you used to live in, go by the job you used to have, and go see the bank where you used to have money.” — Jay Leno

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