The S&P 500 tried to reach daylight with its run from
11:00 a.m. to 12:45 p.m. yesterday, but it turned on a dime to close below its 50-day
moving average (1227.82) at 1225.50.
Good Opportunities With Higher Market Volatility
T-bond futures Short-term perspective: Government reports showing increasing activity in retailersand housing construction showed the U.S. economy gaining strength, againfeeding fears about interest hikes later in the year. We managed to sellour longs in the June contract [USM9>USM9] this morning o
Kevin Haggerty
Reading The Specialist’s Mind
Theory Behind the CVR (Connors VIX Reversal) Signals
The theory behind the CVR (Connors VIX Reversal) signals is that volatility will revert back to its mean (average).
Upside push?
With the Dow, NASDAQ, Russell 2000, S&P Midcap, and Dow
Transports all
finishing up yesterday, and with decent action in the financials, it looks like the market is
trying to make a move to the upside.
Reports Rattle Bond Market
T-bond futures Short-term perspective: The June T-bond contract [USM9>USM9] gave back Fridays gain in reaction to new reports this morning that showed evidence of inflationary pressure. The National Association of Purchasing Managers (NAPM) report jumped to 52.4, higher than anticipated. This refl
Tough Lessons
Friday’s debacle in stocks like Micron Technology (MU) and
Compaq (CPQ)
certainly demonstrate why you shouldn’t carry tech stocks overnight unless you hold puts or
have some other option strategy in place.
Low-risk Opportunity On The T-bonds
T-bond futures Short-term perspective: We established a long position in the June contract [USM9>USM9] yesterday (Thursday, Feb. 25) at the 120 25/32 level because the market was oversold and volatility suggested a temporary bounce.The market rallied this morning on a bullish interpretation of the
End Of The Month Check-Up
It’s the last trading day of the month. As of yesterday’s close, the S&P
cash was up 1.3 percent on the year. A program rally kicked in from 1:00-4:00 p.m. eastern time
yesterday, but the move didn’t appear to have much institutional support.
David Landry
How To Trade Cup and Handles