Posts Tagged ‘ DX_F ’

Volatility Makes an Appearance

The fed raising the discount rate provided for some interesting volatility after hours and sent the US Dollar flying.  I’m expecting the market to pull back a bit between now and Monday afternoon.  We are overbought short term and need to see some constructive consolidation.  I’ll be watching the banks closely tomorrow[ READ MORE ]

Jobs, USDX, ES, and Rates

I hope you all get it by now, that the negative correlation between equity markets and the US Dollar is broken.  In fact, we’ve flipped all the way to a .5 positive 30 day running correlation.  A few months ago if the $DX_F dropped like it did this morning, equity markets would have been flying. [ READ MORE ]

The Open is for Amateurs, the Close is for Pros

Three straight days now the amateurs have painted the tape in the first hour, only to see the market lose VWAP and crater.  This isn’t healthy action people.  Institutions don’t do the bulk of their trading in the morning, it takes place in the afternoon after the dust has settled and their traders have a [ READ MORE ]

Does It Really Matter Why?

Was it the $BAC secondary announcement, how about the trader tax, or maybe even the jobs number tomorrow?  Who gives a crap.  All I know is that breakouts in either direction are being mean reverted, and quickly.  This is not my type of trading, which is why I’ve been mostly silent now for about a month. [ READ MORE ]

Golden Opportunities

I’m seeing some extreme indecision in the market, which makes sense at this point.  The dip buyers failed, they did, and they know it.  The shorts never came in, they decided took keep what was left of their dignity and sit this one out.  Unlike the last few dips there are no short sellers this [ READ MORE ]

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