I didn't do an analysis of this chart until this afternoon. But, the Hang Seng as issued a two-day MAJOR sell signal last night during their session!!! Sorry I didn't post it earlier. The usual suspects: long FXP and short FXI will do. - Stakes are high
I mentioned early this morning that today was going to be a POMO day and it was likely that the Market would flatline after the first few hours. POMO Tenative Schedule Recent POMO Events
I wonder what percentage of GS "conviction buys" are rapidly followed by shorts from their trading operations....
Look at AIG go! What's going on? Is this a short squeeze or legit? New CEO says he ain't liquidating squat and expects to pay back the bailout and still have a little something left over for shareholders.
The new CEO speaks a few BS words, and the the stock explodes. Short squeeze on AIG? What the hell happened?
Porsche's headquarters raided by officials trying to see if there were any internal illegalities involved in its recent stock cratering. Yikes. Jared Levy and John Najarian on CNBC both are saying the AIG move is nothing more than a short squeeze.
they outperform their peers with their stock calls. it was in barrons awhile back. not a big deal to me but you can look it up if you need proof.
did you ever get long those calls? and what root were you looking at? i just noticed they have like 4 different roots likely from various dividends. also that spread is pretty vicious since the liquidity is pretty thin. either way nice call if u got in.
I agree with much of this, but there is probably some <i> hurricane premium</i> built in between the September and October contracts. Hard to justify going Long the Energy Sector with Crude at the Top of its Range, yet very cautious of being Short and particularly on weekends. Oil Remains Just Below 2009 Highs <i> Crude oil futures settled higher today, just below its 2009 high. Light sweet crude futures for September settled 0.12 cents higher at $72.54 a barrel on the NYMEx. The September contract expired at settlement, with the bulk of trading revolving around October futures, which settled 92 cents, or 1.3%, lower at $72.91 a barrel. Crude futures have now ended the last two days perched just below a 10-month high, with traders lacking the final motivation to push prices beyond the 2009 peak of $72.68 a barrel, set June 11. Oil prices have more than doubled from lows hit early in the year, at the nadir of the global economic downturn, but have resisted additional moves higher while the U.S. and other major economies continue to struggle. Oil prices made a rare deviation from equities on Wednesday, when the Department of Energy reported a massive 8.4 million-barrel drop in U.S. oil inventories last week. Last week's inventory drawdown came as owners of oil on tankers took advantage of the wide gap between September and October futures by holding off from delivering their crude to shore. The October contract's discount to November is less than half as wide, which could send oil flooding to shore in the coming weeks. "It's not a supply play at this point, it's more of an economic play, oil and equities have been pretty highly correlated for the last four to six months, I wouldn't call (the connection) dead because for two days they traded uncorrelated." said Zach Oxman, managing director of TrendMax Futures....</i>
How much of that is their own acumen and how much of that is reflexive? In any event, I'm sure if you tweaked the parameters of the study in a minor way you could probably come up with them underperforming as well.
<i>They</i> are playing games in an OPEX situation. XOM had approximately 10 million shares traded by 9:30. XOM has approximately 18 million shares traded by almost 2:30 pm. Why do you think the recession or whatever you call this lull is over?
man...no offense but you were an awesome indicator but i traded it like crap . thank god i have hit some big trades lately cause i have been trading like crap. not holding stuff consistently, not sticking to my plans, and missing trades. basically i had a 300 contract long straddle on the citi aug 4's for 22 cents. i ended up flatting the trade. oh well............stick of making mistakes so i am venting.
