Tag Archive for 'volume'

Markets give us ‘ugly’

Published on May 18, 2012, 5:14 pm in Opinions and Trading. 0 Comments Tags: , , , , , .

FB didn’t do much on opening day….much less save the markets! While the morning was positive in anticipation of Facebook’s IPO, the Nasdaq kept delaying the first trade, making traders skittish. That just started the waterfall. Another IPO where the hype was over-hyped. C’mon, 100 times PE? Really now!

With the combination of Facebook and OpEx, volume was the highest it’s been in a while, but still not breaking 3 million contracts in the ES.  NQ and YM, along with ES, are approaching their 200-day moving averages…from above, while the TF actually did close below its 200DMA. Not looking so good.

I can’t remember the last time we had 5 consecutive down days in an Options Expiration week, can you?

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History tell us we’re wrong!

Published on May 14, 2012, 6:44 pm in Opinions and Trading. 0 Comments Tags: , , , , .

According to the Stock Trader’s Almanac, the Monday after Mother’s Day the Dow has been up 14 of last 17 years…. and the Monday of May expiration, which today is also, the Dow has been up 20 of last 24 years. So, history has shown us that we did wrong today! :-(

We moved lower on low volume. Maybe it was because Europe hasn’t responded to their issues, especially Greece. Gee, if you can’t form a government, how will you work through your fiscal crisis? So, do we have a Turnaround Tuesday tomorrow?

Today was one of those “as goes AAPL, so goes the markets” kind of days.

Remember, it’s options expiration week, so the ride is always a rollercoaster week. There;s some market moving reports this week as well: CPI, Rtail Sales, Housing Starts, Industrial Production, Philly Fed Survey and the latest FOMC minutes. So buckle your belts and hold on!

And remember…. In trading, some days you are the pigeon and some days you are the statue!! :D

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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…

A nothing kind of week?

Published on May 2, 2012, 11:08 pm in Opinions and Trading. Closed Tags: , , , .

Monday morning started off with not so great reports…Personal Income and Spending was a dud, as was Canada’s GDP, and Chicago PMI was soft, below expectations, but still expanding. Tuesday we had some relief with good ISM numbers. although the markets had a good run up during the morning, it was all given back by the close. Wednesday gave us a disappointing ADP employment number, which quickly pulled down the market. The rest of the day was just a narrow range nothing day! Now we do nothing until Friday’s Employment Report. Oh well, we don’t want to mess up this low volume, nothing kind of week, do we?

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My oh my!

Published on March 22, 2012, 8:19 am in Trading. Closed Tags: , , , .

The volume continues to decline and so does the VIX as we mentioned before. . . .as do many others in the blogosphere. Here’s a thought: What the Heck is Happeneing with the VIV and VXX?

Yesterday, the S&P, or actually the ES futures contract) hung just above and below breakeven, having low volume spurts in either direction. And again, I’m just scalping for lunch money, with no committment to either direction. Here’s some stories you may enjoy. . . and learn.

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Rolling over into the Greece

Published on March 8, 2012, 8:53 pm in Trading. Closed Tags: , , .

Time to rollover into the June contracts for the futures….The CME Group provides some Rollover Dates information. Sure you can continue to trade the March contracts until next Friday, but volume should move over to June in the next day or two. I’ll be finishing up with the March contracts tomorrow and start June trading on Monday.

Jobless claims moved up and slowed the market down a bit, but rumors of some nice things happening in Greece made the markets happy. Still don’t understand that. Supposedly we’ll get a final decision on Greece Friday so the markets will take off…or will traders sell the news?

I have noticed that the up days have been on lower volume than the down days. So there is a lot more interest in selling than buying…either way, volume isn’t much to excite anyone.

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:

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) :-)

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.

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!