(Source: Hedgeye) At one point today, the S&P 500 plunged 3.16% below August 2015 lows. Wall Street is in panic selling and stop losses are now being hit. FED is still clueless. But do not worry. My coworkers who normally have no clue about stock market noticed this and started asking if they should Continue reading →
Posts Tagged With 'Market'
Is selling over? Should you trade this market?
Futures are down again at the opening. It can mean nothing yet. We can see the market improve significantly overnight and we may see a rally. Some traders and investors are asking whether it is already time to start buying calls or selling puts. They are expecting the market to reverse. Yes we are oversold, Continue reading →
Should we really blame China?
A few days ago the market was selling hard and media blamed China and their circuit breaker and worries over Chinese slowing economy. Then media blamed North Korean hydrogen bomb for a selloff. A day before yesterday, they blamed China and their circuit breakers again. Yesterday, China removed the breaker feature and their market Continue reading →
Credit Not Money Rules Today’s Global Markets
Money may not rule the world, but today’s news headlines would have us all believe that credit does. After a glum day for global markets on Monday, China stocks tumbled an additional seven percent Tuesday morning. Chinese markets are in bear territory. The Chinese stock market has been on a roller coaster ride for the Continue reading →
China stocks plunge but other Asian markets hold on
(CNN Money) The benchmark Shanghai Composite was about 5% lower in morning trading. Losses were sharper on China’s smaller Shenzhen Composite, which shed 6%. The Shanghai Composite has now declined 42% from its June 12 peak, erasing all gains year to date. Markets were faring better elsewhere in Asia. After starting the day in Continue reading →
Rout set to continue on Monday but do not panic
I have two news for you, one bad and one good. The selloff is going to continue on Monday as futures are already down another 2.5% as of now; yes it may change by the end of the night and we may open higher and see a V shape recovery, but as of now, it Continue reading →
A Stunned Wall Street Reacts To China’s Currency Devaluation
Tyler Durden: There is much stunned confusion among Wall Street’s “best and brightest” following China’s historic Yuan devaluation overnight which was predicted by exactly zero of said best and brightest, just like nobody expected the SNB to give up its own peg to the EUR in January. The problem as the WSJ puts Continue reading →
Are the markets turning?
A few years ago, when I was training trading options, the trader from whom I was learning pointed out that the markets were turning down. Slowly reversing. And I remember I made quite nice money under his leadership. The chart looked like this: It was 2011 and the market corrected 16% those days (from July Continue reading →
$SPX selling another rally attempt today!
$SPX more and more the market tries new highs it is sold off – distribution phase. Big boys selling off to retails. Bearish
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