Archive for September, 2010
Treading Water - The Market Needs To Gather Strength For A Breakout.
The market has rallied 8% in less than three weeks and it looked a little tired this morning. It has ignored deteriorating economic data and weak seasonality for good reason. Interest rates are at historic lows and stocks are attractively priced. This week, the FOMC released its statement. It gave the market exactly what it wanted and stocks were able to push through horizontal resistance at SPY 113. They cited weakening economic conditions and they hinted that quantitative easing (QE2) might be around the corner. This policy would weaken the dollar and that would help our exports. This morning, initial jobless …
CBOE HOLDINGS, INC. ANNOUNCES DATE OF THIRD-QUARTER 2010 EARNINGS RELEASE AND CONFERENCE CALL
CBOE HOLDINGS, INC. ANNOUNCES DATE OF THIRD-QUARTER 2010 EARNINGS RELEASE AND CONFERENCE CALL
CITADEL SECURITIES SELECTED AS DESIGNATED PRIMARY MARKET MAKER FOR CBOE FUTURES EXCHANGE (CFE) WEEKLY OPTIONS ON VIX FUTURES
CITADEL SECURITIES SELECTED AS DESIGNATED PRIMARY MARKET MAKER FOR CBOE FUTURES EXCHANGE (CFE) WEEKLY OPTIONS ON VIX FUTURES
Three Keys to “External Stochastic Shocks”
I believe it was a Harvard study that determined when someone communicates a message to another, 7% of its meaning comes across in the words, 38% of its meaning comes across in the person’s voice qualities, and 55% of its meaning comes across in the person’s body language. (…)
The Market Got What It Wanted From The Fed - No Follow Through Rally!
Yesterday, the market chopped around the head of the FOMC statement. Traders wanted more hints of quantitative easing and the Fed obliged. They stated that economic conditions are deteriorating and that they will maintain their current “easy money” policies. The Fed is also prepared to do whatever it takes to keep this recovery on track. That means another round of quantitative easing (QE2) could be close at hand. The news was well received and the market moved higher. Bulls should be rejoicing, but the market is drifting lower this morning. An easy money policy by the Fed will hurt the dollar. …