Covers all other day trading topics not involving one of the other categories. Favorite posts in the day trading category are:
Trading with Confidence
Double Barrier Options
Best Investments for 2011
So is today's stock market rally fading into the European Summit this weekend? It sure looks that way to me. I'm watching the forex markets all day (kind of a habit... like breathing) and seeing a nice robust risk on pattern pretty much all morning - with a sprinkle of CHF risk off mixed...
In case you missed it here is the Fed POMO schedule for October 2011. Operation Twist – as it has been named in the media – has been quietly changing the consistency of the Fed’s balance sheet toward longer dated securities. The size of the overall operation is expected to be about $400billion and this...
This is a short post on the pricing in of QE3 by the market. If you think I’ve been too quiet of late, you probably haven’t been following me on twitter. Twitter is a faster way to get messages and commentary out, so I have been tweeting what I’ve been seeing in stock and...
It had to happen eventually, and the Wall Street market meltdown of 2011 is finally here. How did you celebrate the event? Did you pick up a few shares of a blue chip stock or two or did you stay on the sidelines. Most traders/investors I’m reading stayed out of the way. I still...
Some thoughts on oil prices and the economy. Today we are watching the extension of a market melt down across risky asset items, something we had seen coming in part as a result of the end of the Fed POMO schedule. It honestly took a few more days than I thought it would to...
In typical late day action the daily forex market signals are indicating a turnaround post European exchange closings. The US dollar has weakened in the afternoon and we’re seeing strengthening in the risk on securities as per normal – AUD, CAD, NZD. Trading activity such as this really shouldn’t come as any surprize anymore...
Well here we are for Quarter end trading (read: window-dressing) and the last “official” FED POMO event. Tomorrow we get the last influx of FED POMO cash as the trades settle and beyond that we’re looking only at reinvestment of maturing CMBs and the like. Note that these wouldn’t be cash injections, they would...
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