As I wrote in my previous post, investors were just buying a pure wishful thinking, hoping for better times, improvement and trying to avoid recession (in their thoughts). Although some data from US came better than expected, they weren’t strong enough to offset bad data from Europe. So watch the European debt crisis, since it Continue reading →
Posts Tagged With 'Market'
Funny Money
It is really funny watching what the market is doing these days. Optimism replacing pessimism within days. Last week we heard what the worst week for the markets it was since 2008 and today we see a great optimism again just to be replaced with a pessimism next week. Today, the news are trumpeting how Continue reading →
Another gloomy trading on Thursday
After the sell off on global markets (Asia and Europe) the US markets are poised to a sharply lower opening. US futures point that the SPY will open at 113 level breaking thru the support of the pennant (or triangle). During the day this gap may be closed, but if the selling pressure during the Continue reading →
How to trade today’s market?
Last night I wanted to buy SPY puts right at the open of the trading session, but then when I saw futures pointing to market opening 2.5% lower I decided to wait and see the action before jumping in. If the market opens that deep, it may stay flat or actually rise. And sure enough, Continue reading →
SPY heading to a deep fall at opening
Futures are pointing to a deep decline of the market due to renewed fear over the European debt crisis along with bad economic data coming from the US. When markets are gapping sharply down it is hard to trade it. Will it open low and continue even lower during the day or will the day Continue reading →
Unemployment report showing no new jobs!
Market (SPY) gaped down at open and extended already bearish trend this morning. Although by the end of the day the market may rally back. It looks like the A,B,C correction has been completed and now we will be running down. QE3 is now more likely to happen, although that may be good for the Continue reading →
SPY on the downhill road
Although the jobless claims were in line with expectations as well as manufacturing data the market failed to go thru the resistance and turned down. Europe’s manufacturing data disappointed and tomorrow we will have Labor data out. The ISM Index remained above 50 number, and although it is trending lower, we most likely will avoid Continue reading →
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