Well today was definitely frustrating for many. Scenario A started to play out. That burst what many bulls were hoping for, a spike to take some profits. The bears didn't really get to play either. We are left wondering.
The S&P future volume surged. Yesterday we didn't break a million contracts trading hands. Today we broke 2 million. Up 100%. However, the NYSE volume was still a pathetic 980 million shares traded. Up about 25% or so from yesterday bust still did not even clear a billion.
My quick take today was that it was a win for the bears. Unfortunately, instead of being a 4th down conversion, I feel like it was just a 3rd down stop. We still have fourth down ahead of us. The interesting stuff to me was actually not the Fed release but everything going around it. The Euro was very weak early this morning. Some weak data out of Europe and sovereign bond spreads started widening out again. European government bond spreads have very quietly moved to two and three week highs. Copper was weak as was oil.
There is very little economic data tomorrow so the attention shifts to the jobless claims number. It is only significant if we have another big spike. If it stays the same or declines a little, I don't think it will mean much. The decline won't mean much because it will confirm that the spike last week wasn't significant and it is still stuck in this no man's land of 450 to 460k ish number.
So the jobless claims number could be a catalyst for a move lower as could be the June retail number on Friday. Or it could come out of Europe. Watch the Euro and European government debt spreads. Or maybe we go back to no volume, inching our way up until Labor day. Without a break below 1110 (maybe 1100), 1140 is still a very real possibility. Nothing is ever easy is it? I was shorting some today (both pre and post release) as the Fed mess is passed us at least for awhile.
I am traveling again tomorrow so not sure when I will be back blogging.
skip to main |
skip to sidebar
Always question yourself. Don't drink your own Kool-Aid!!
Search This Blog
Followers
Blog Archive
-
▼
2010
(211)
-
▼
August
(18)
- Bloody Wednesday?
- Hussman Annual Letter
- UK Home Prices Begin to Fall
- Another Week of Travel
- Sticky Equity Prices
- Jobless Claims - Market Killer?
- Consolidation
- Quick Take
- Buffett Concerned about Inflation? Maybe Not
- Stage is Set
- Trading Volume Worldwide Slowing
- A Weekend Musing
- Bear Trap?
- 2Q Letter for Kaspar Investments
- Jobless Claims Number - EEEKKK
- Getting Super Bearish
- Jim Rogers and Commodities
- Bears in Hibernation
-
▼
August
(18)
About Me
- Market Seer
- I recently just completed 1 year as a hedge fund manager (and I survived). Live near Austin Texas looking for investments that are undervalued and overvalued with an occassional trade thrown in. Graduated from Texas A&M University and worked in New York and Dallas for a couple of money management firms. I love the challange and the excitement you receive working for yourself.
1 comment:
Shoes specially made for losing weight are available today and [B][URL=http://www.mbtplus.com/]buy mbt shoes[/URL][/B] can be quite effective. These shoes have been out for a while and some companies have risen to the top [B]MBT[/B] demonstrated that they can provide a quality product to consumers. One [U]mbt discount shoes[/U] such type of these shoes is the MBT Shoe made by a company called Swiss Masai. In case you [U][B]buy mbt shoes[/U][/B] did not MBT stands for Masai Barefoot Technology. In this write up we want to take a [U]mbt sneakers[/U] closer look at these special shoes.
The development and idea behind the MBT shoe design is quite [U][B]MBT[/U][/B] interesting. What the shoe attempts to do is structure the shape of the shoe so [U]mbt shoes clearance[/U] that it simulates walking on sand. Specifically, the they want to attempt to make it as if you are walking [U]MBT shoes[/U] along the natural sand environment of the Masai in Kenya. Sports trainers have known for quite a while now [U]mbt shoes sale[/U] that working out on dry sand is a great way to get in excellent cardiovascular condition. As you [U]MBT shoes[/U] walk on sand it creates an uneven surface on your feet and it forces you to shift your center of gravity to [U]mbt shoes sale[/U] an unnatural position. Your body compensates for this by using several different [B]mbt walking shoes[/B] muscle groups in your feet, calves, thighs, and torso that you would not use wearing typical shoes. This is the ideas [U]mbt shoes sale[/U] behind the MBT weight loss shoes and it does seem to [B][URL=http://www.mbtplus.com/]mbt shoes review[/URL][/B] work for some people.
More specifically, MBT makes several positive claims [U]mbt shoes cheap[/U] and benefits from wearing their shoes. They will take muscle groups [U][B]mbt shoes best prices[/U][/B] not normally used in walking and make them active. The shoes will give you a better posture, and a more effective [U][B]mbt discount shoes[/U][/B] gait when walking with or without the shoes. It can [B]MBT[/B] potentially help you with problems you may have with your back, hips, legs, and feet. The [U][B]mbt shoes cheap[/U][/B] shoes can help you recover from injuries to your [B]mbt sandals[/B] tendons, joints, ligaments, or muscles. The shoes are also designed to alleviate tension and stress [U]mbt sandals[/U] on your lower joints.
Overall owners of the MBT shoe really like the results. [B]mbt shoes cheap[/B] It is typical that if you walk for three or four miles at a time for several times [U][B]mbt shoes sale[/U][/B] per week you will experience some weight loss. Some people are using them for every day [U]footwear etc[/U] use and find that this helps to keep their legs toned and looking nice. These are just walking [U][B]MBT[/U][/B] shoes you really do not want to use them for running. It is recommended that you go to a store and try them on, as you [B]mbt discount shoes[/B] want to make sure the heel is snug and fits correctly. If the shoes fit correctly they should feel snug and it should [B]mbt discount shoes[/B] feel as though you are walking on stilts when you walk in [U]mbt sneakers[/U] them.
Post a Comment