After yesterday’s super tight range, I started thinking that we were experiencing the calm before the storm. That is to say that low volatility gives way to high volatility. Here’s an article that talks about that very concept by examining the current action in the VIX — A Big Move Is Near — [...]
It sure looked like today was the day for the trading range to break. The economic reports released this morning had the indices flying high by mid-day. But sellers stepped in late in the day and found little resistance. The Dow actually got above its June high today but it closed 100 [...]
Well this morning’s economic reports have the futures flying in the pre-market session once again. Were looking to gap up near the upper end of the trading ranges on the indices. Could this finally be the move that breaks us out of the range? I don’t know, but I do know that [...]
I’m glad I’m not the only one who’s been cursing at the screen every time one of these #@&*ing Iraq rumors (or actual news for that matter) surfaces:
(from Briefing.com) 14:53 ET Floor Talk : In speaking with institutional desks today, traders expressing frustration that macro events such as Saddam rumors are influencing intraday action as [...]
MaoXian gives an excellent illustration of how the market hunts for stop loss orders. And I love the quote he references — “Trading is the toughest way to make an easy buck.” Truer words have never been said.
Let’s see the bulls try to spin this positively — 10:00 ET Consumer Confidence 76.6 vs. 85.0 consensus — My first guess is that the weak job market is weighing on consumers. So of course the bulls will come back with “that’s a lagging indicator”…
Update: Here’s more detail (from Briefing.com):
10:15 ET Economic Review [...]
This is interesting — Pentagon Prepares a Futures Market on Terror Attacks:
The Pentagon office that proposed spying electronically on Americans to monitor potential terrorists has a new experiment. It is an online futures trading market, disclosed today by critics, in which anonymous speculators would bet on forecasting terrorist attacks, assassinations and coups.
Traders bullish on a [...]
I’ve often called my friend Duru a perma-bear because, well… he has been just that. And just when I thought he’d become a full-fledged bull, he writes this latest missive and proves me wrong. It seems that we’re always diametrically opposed on our long-term view of the market. I’m a bull (believe [...]
The Capital Spectator has an article about the wall of worry that the market’s been climbing. I know I’ve tacked a few bricks on to that wall even though I’ve been talking about the bulls climbing that very wall since April. And I’m still skeptical. Imagine that huh?
Dave Pollard takes on the five enemies of innovation which are running rampant through corporate America. He also provides a prescription for overcoming those enemies.
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