Archive for February, 2012
Overnight News Was Friendly. Market Down On Fed Speak. Stocks Should Rebound Today
I am tempted to post yesterday’s comments a second time. As I mentioned, there are events and releases, but the results are highly predictable and they are not moving the needle. Stocks are caught in a very tight range and there is no momentum. The ECB released its LTRO results and European banks borrowed €530 billion. That number was considered “not too hot, not too cold” and traders yawned. This was one of the most widely anticipated releases of the year and it did not produce a reaction. European banks have loaded up and 800 financial institutions took advantage of the …
Lots of Events and Releases - The Outcomes Are Predictable. SPY Is Breaking Out
The news front is very quiet again today and that favors the bulls. There are a number of events and economic releases this week. However, the outcomes are fairly predictable and the “surprise factor” is low. Tomorrow, the ECB will release the results of its LTRO (liquidity injection). Most analysts believe that European banks have borrowed $500 billion during the second round. This maneuver has pacified credit concerns and it has been the biggest catalyst for the current market rally. Eurocrats will hold a summit Thursday and Friday. They will discuss funding the IMF to form a “firewall”. They were also …
C2 OPTIONS EXCHANGE TO LIST SPXpm “SUPER LEAPS” OPTIONS ON MARCH 1
NEW INSTRUMENTS OFFER INSTITUTIONS LONGER-DATED OPTIONS WITH MORE TRANSPARENCY
CBOE HOLDINGS, INC. TO PRESENT AT RAYMOND JAMES 33RD ANNUAL INSTITUTIONAL INVESTORS CONFERENCE ON MARCH 5
CBOE HOLDINGS, INC. TO PRESENT AT RAYMOND JAMES 33RD ANNUAL INSTITUTIONAL INVESTORS CONFERENCE ON MARCH 5
The Economic News This Week Should Be Decent. Stocks Should Be Able To Grind Higer.
The news over the weekend was very light. That will change this week and there are many events that will influence trading. Traders are searching for a catalyst and the Unemployment Report on March 9th could do the trick. Last week, China released its flash PMI. It was under 50, but the decline in economic growth has stabilized. This week we will get the official number and it should be “market friendly”. China lowered bank reserve requirements last week and that will backstop the market. Shanghai might consider softer real estate restrictions and that would also lift spirits. The economic conditions …