The emini s&p futures had an active trading day. With better than expected economic news in the morning, the market popped above the important SPX 1150. The futures could not sustain that level and fell back into the range it has been in with good volume. This market reversal has some saying that we have [...]
Todays POMO Auction only provided 2 Billion Dollars of Fed Money. The Market has told the FED that it needs 3 -5 billion a day to continue this rally – what were the NY Fed thinking? I still do not trust the market, however the reversal today was a clear impulse pattern down, so I…
www.CartoonStock.com In my previous posting ( The First and the Last Session of a Month ) I showed that long-term, but most recently as well, probabilities (for a higer/lower close) and odds are (partly heavily) tilt in favor of lower prices during and at the close of the last session of a month (in this [...]
The market is in a weird place right now and it is just really hard to count. We have either seen the end of the rally or we could hit the end of the rally soon. I have many charts showing that we are close to the top however the whole Fed QE POMO Auction…
As we talked about yesterday, the SPX continues to find sellers as it approaches 1150. This range trade that the markets have been in for the past couple weeks (seen in chart below) could change tomorrow. Not only will thursday bring the last day to the third quarter, but we also have plenty of economic [...]
www.CartoonStock.com We’re currently entering into (the middle of) the so-called ‘turn-of-the- month‘ time frame, regularly defined as the last two sessions (sometimes the last session only) and the first three sessions of each month. You’ll find a lot of research on the blogospere about the Turn of The Month Effect (a calendar seasonality, where historically [...]
Today was a very active trading day between the morning sell-off and subsequent rally into the afternoon. It seems that the level most are watching is SPX 1150. For the second day in a row the market has failed to break through, and sold off toward the close. The emini s&p futures did close below [...]
Some indicators I haven’t discussed in a while are the Quantifiable Edges Volume Spyx indicators. The charts are found on the top of the charts page every night. The calculation for Spyx is proprietary, but basically it looks at volume on…
Keeping close eyes on the trendline that we have been watching over the past few weeks, the end of the day sell-off managed to brake through and close below it. Most of the trade today was slow with light volume. During midday the emini s&p futures dipped and bounced off the trendline making new highs [...]
No new Fed money hit today however tomorrow and Thursday both see POMO Auctions ,where the NY Fed effectively pump money into the Asset Markets. The low volumes tell you that they are the only ones left throwing money into the market, along with a few in-the-know Hedgies along for the ride. Actual investor…
