evening folks! Cray week in the markets after thanksgiving. We ended up 7-10% higher on all the indices after we had the worst thanksgiving week since 1930s! This is bear market trading at its best…with a nice dose of program trading adding oomph to whichever direction the markets is trending short term is leading to …
[screencast url=”http://screencast.com/t/yFwLcyDx” width=”” height=””] Morning folks! Monster gap in the markets with the SPY up 3% premarket as central banks join forces around the world to provide liquidity to stem the crisis. We knew this news was coming it was just a matter of when. After this gap we will have broken over the 50 …
[screencast url=”http://screencast.com/t/QdNihAWOWl9Q” width=”” height=””] [screencast url=”http://screencast.com/t/vQSvKxcD” width=”” height=””] Stocks gapped up hard in the morning off some optimism overseas that europe might take some action. We had a large gap on the s&p nearly 2.5% and darted higher for the first hour then we just drifted lower the rest of the day till the …
[screencast url=”http://screencast.com/t/EfC7O9rnYme” width=”” height=””] Morning folks. Looks like we got a massive gap up today as rumors circulate that the IMF will be willing to loan the Italians 800 billion + (money they dont have). Overseas markets were also very strong European markets are higher in afternoon trading. Britain’s FTSE 100 added 2.2%, Germany’s …
Evening folks. Even with a shortened week and many traders on vacation the markets were nasty! Every pop was sold off and there continued to be very persistent selling. The s&p and qqq’s were down 5% in the past 5 days with the rusell down 7%. This tells us that people are taking risk …
Morning folks. Another gap down this morning with the spy down over 1% premarket. We are slowly grinding down here bit by bit. This was much different then some of the pullbacks in august and september that happened with a series of 3-4% down days. This past week has been much more deadly as the …