Here's to a great 2012. Regular writing on the site will resume this week. Thanks for your patience with our reduced trading and writing during the Holidays. We are rested and ready to go for what … [Read more...]
MorningWord: 12/30/11
9:16 am EDT - December 30, 2011 By Dan
MorningWord 12/30/11: SO it all comes down to today........A year that saw a 20% plus range in the SPX and a 30 plus point range in the VIX all to have today decide whether the SPX is up or down for … [Read more...]
What’s The Story Morning Glory?
9:14 am EDT - December 30, 2011 By CC
FT Chinese manufacturing activity declined for the second consecutive month in December but showed tentative signs of stabilising, according to a survey published on Friday. The HSBC purchasing … [Read more...]
MorningWord: 12/29/11
9:12 am EDT - December 29, 2011 By Dan
MorningWord 12/29/11: Wednesday's early enthusiasm regarding Italy's debt sale didn't take long to wane as the DAX started to sell-off around the time of the U.S. open and closed at the lows of … [Read more...]
In Between Days
11:57 pm EDT - December 28, 2011 By CC
Bloomberg Asian stocks (MXAP) fell for a third day, the euro weakened to a decade low against the yen and bond risk rose on concern Europe’s debt crisis will slow the global economy. Gold futures … [Read more...]
Italian 2 Years Go One Way, 10 Years the Other, and This Guy’s Sayin’ “Whaddaya Want From me?”
12:09 pm EDT - December 28, 2011 By CC
The market is showing some weakness today that most are contributing to worries about recently rising yields on the 10 year note in Italy going into a bond auction tomorrow, and news from an ECB … [Read more...]
MorningWord: 12/28/11
7:46 am EDT - December 28, 2011 By Dan
MorningWord 12/28/11: Yesterday's action in the equity markets was anything but exciting, closing practically unchanged on the day on fairly light volume. I guess the big news was the fairly … [Read more...]
In Between Days
11:57 pm EDT - December 27, 2011 By CC
NYT WASHINGTON — A senior Iranian official on Tuesday delivered a sharp threat in response to economic sanctions being readied by the United States, saying his country would retaliate against any … [Read more...]
What’s The Story Morning Glory?
9:32 am EDT - December 27, 2011 By CC
WSJ Market tone: Stock futures mostly flat; euro slightly higher against the dollar; Nymex crude futures up 36 cents at $100.04 a barrel. Overnight action: Sears to close 100 to 120 Kmart and … [Read more...]
MorningWord: 12/27/11
9:00 am EDT - December 27, 2011 By Dan
MorningWord 12/27/11: While I am kind of back to it (I still have a few slopes to get nasty on this week), I want to reiterate that this is not the sort of market that you want to dig your heels … [Read more...]
In Between Days
11:28 pm EDT - December 26, 2011 By CC
Reuters U.S. holiday season sales were expected to rise 3.8 percent to a record $469.1 billion, the National Retail Federation said, slower than last year's growth but stronger than its preseason … [Read more...]
Happy Holidays From Risk Reversal
3:15 pm EDT - December 23, 2011 By CC
Risk Reversal wishes you, your family and friends a wonderful Holiday season. … [Read more...]
What’s the Story Morning Glory?
9:24 am EDT - December 23, 2011 By CC
Marketwatch November consumer spending was up slightly, better by 0.1% Personal income was also up 0.1% in November. In October, it had gained 0.4%. Durable-goods orders for the month … [Read more...]
In Between Days
12:52 am EDT - December 22, 2011 By CC
NYT “Talk tough, and open the vaults.” The European Central Bank, seen above in Frankfurt, is lending $640 billion to 523 banks to ease the credit crisis. That should be the slogan of … [Read more...]
Option Education Part 1
The purpose of this series will be to explain the background of why we do what we do on this site. We will start with the basics and work up. Options enable the trader to play the market in more … [Read more...]
Is The Crazy Over? Is This it?
As we head into the end of the year, volatility is down, the market is up, volume is light. There's not a ton we can deduce from this type of light volume year end action, and typically volatility … [Read more...]