Jan.26.2010 The Atlanta Fed’s Weekly Highlights points out that only $12.7B of the $175 agency debt and $110B of the agency MBS purchase programs remain to be deployed. With the $300B in Tsy purchases dried up already from last fall, this means 92.5% of QE liquidity has been injected, and less than $125B remain. This [...]... (Continue reading)
Jan.26.2010 A.) Prices broke the downward sloping trend line and B.) Moved higher, with several upward gaps along the way. This is a good example of why it’s important to always know where support, resistance and trend lines are. Breaking a trendline is an important technical development that must be heeded. A.) The 10 [...]... (Continue reading)
Jan.07.2010 Equity Futures: Dow -39.00. S&P -5.30. NASDAQ -7.00. Japanese Nikkei -15.00. German DAX -10.00. European Trade: European shares shed approximately 1% around the opening bell, as investors turn their attention to the higher yields, and relative safety, of the Treasury and Gilt markets. Earlier in the day, Asian markets also closed lower, while S&P [...]... (Continue reading)
Dec.14.2009 Equity Futures: Dow +17.00. S&P +5.70. NASDAQ +14.50. Japan Nikkei -60.00. German Dax +5.00 U.S. Trade: The cash equity market came almost to a standstill throughout the U.S. trading hours, with the Dow Jones index having a range of only 30 points, or 0.30%. Trading was more active in the S&P 500 and in [...]... (Continue reading)
Dec.03.2009 Equity Futures: Dow -21.00. S&P -1.40. NASDAQ +1.00. Japan Nikkei +65.00. German Dax -5.00 U.S. Trade: What was expected to be a volatile day due to the release calendar being loaded with important economic reports, turned out to be a flat day, with little movement in the financial market. This was seen in the [...]... (Continue reading)
Nov.17.2009 Forex Trader Note: The major pairs are trying to move against the dollar, but are also at major resistance points. Until the overbought reads re-cycle lower, it may be best to hold existing rather than add to dollar selling at these levels. If the Nikkei moves above 9900 in overnight trade, and German Dax [...]... (Continue reading)
Oct.22.2009 Equity Futures: Dow +110.00. S&P +8.00. NASDAQ +6.75. Japan Nikkei +40.00. German Dax -30.00 U.S. Trade: After a negative close in the Asian session and very weak European trade, the U.S. equity market found the strength to reverse the selling seen earlier into the day and post some small gains. Unlike the last few [...]... (Continue reading)
Oct.18.2009 Overbought oil at $80, overbought gold at all-time highs, yearly equity market highs, Mutual Fund year-end in two weeks, earnings season underway, Treasury yields rising (a sign that the market is moving out of the safety of bonds after 12 months of hiding in the shadows of the credit crisis), calls globally for the [...]... (Continue reading)