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May 2010 Blog Posts (182)

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US Dollar Index: Some down fall expected

Dollar Index: With USD all over rising due to ongoing problem in euro zone, it seems the current rally is halted and it can test the real level in coming days. See daily chart of USD INDEX . if breaks below the short term trendline ,it will find support near to 2 support lines.



Weekly chart also suggest downward, as RSI is overbought zone and pointing southward.…

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Added by shahzad dalal on May 31, 2010 at 2:37am — No Comments

COPPER: Will move up to show strength..

COPPER (Comex): Below is the weekly chart of copper.

Last 2 candle clearly shows that it has taken good support at 52 EMA. It also matches with the Short term support line. As now it seems that it will go up , where it will find reistance on upper channel line.

Added by shahzad dalal on May 31, 2010 at 2:33am — No Comments

15 Min Chart

Short one today.
Very important point Tami made: Look at 15 Min Bar if planning to go Long, Draw a support at the bottom / middle of the long bar.

Added by Jake Livits on May 26, 2010 at 11:27pm — No Comments

5/26/10 entry

Another good day working with GS... 145 Put and 140 Call as well the equity. Another then the paper system not matching the actual limit numbers but the entry and exit points I chose was accurate. Looking to repeat again tomorrow ....

Added by Peter Brady on May 26, 2010 at 4:50pm — No Comments

Liquidity Providers



Big "Liquidity Providers" during the market plunge is an area of focus in the investigation. Major Securities Firms are required by law to remain in the market by buying and selling stocks; High-Speed Electronic Trading Firms are

not.

Some firms that act as liquidity…

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Added by Jake Livits on May 25, 2010 at 12:26am — No Comments

Always take your SMF Profits!!!!....

That says everything. I did a great short today and was up quite a bit in aapl and I let the short run. However, I was like everyone else in thinking that it would go forever, and it did not. I put in a stop market order to protect commissions, but I did not buy to cover to close the position when it was at it's highest. And so, because of my mistake I lost half of the profit that I could have obtained. The lesson that I learned was always sell/buy into strength, and take your SMF profits and… Continue

Added by Scotty Shubeck on May 24, 2010 at 9:59pm — 1 Comment

Stock Market internals 5/24/10

The Dow decreased 162.82 points (or 1.29%) closing at 10066.57, the Nasdaq was down 15.49 points (or 0.69%) to finish at 2213.55 and the S&P was down 14.04 points (or 1.29%) to finish at 1073.65.



Today's movement came from lower than avg. volume (NYSE 1314 closing avg of 1315; Nasdaq 2083, 2541), with decliners outpacing advancers (NYSE 1189/1912 Nasdaq 935/1756).



ETF relative strength: platinum- PTM +2.6%, PGM +2.3%, Thailand- THD +1.6%, silver- SLV +1.6%, gold- GLD… Continue

Added by Rick Gulley on May 24, 2010 at 7:14pm — No Comments

AIG Investigation Closed; Insufficient Evidence

NOTABLE NEWS: AIG Investigation Closed


1)… Continue

Added by Tami Trades on May 24, 2010 at 6:15pm — 1 Comment

SMF Market Internals 5-24-2010

Market Internals:


The Dow decreased 162.82 points (or 1.29%) closing at 10066.57, the Nasdaq was down 15.49… Continue

Added by Tami Trades on May 24, 2010 at 6:08pm — No Comments

5/24/10 entry

A very good day working with GS. While it ended up a very orderly sell-off day, it's only in hind sight that it seemed that straight forward. Following the SMF trading process allowed for the successful outcome using the 140 PUT and shorting the equity. Due to the large size of each candle swing and the SMF Resource Management practices it caused frequent stop-outs, which keep loses to minimums. Will continue to work on larger quantity trades and more PUT and Call involvement.

Added by Peter Brady on May 24, 2010 at 5:34pm — No Comments

SMF ETF relative strength: ETF relative weakness:

ETF relative strength:

Sector: Jr Gold Miners-GDXJ +2.9%, Gold Miners-GDX+2.3%, Silver-SLV +2.2%, Gold-GLD +1.4%, Home Builders-XHB +1.3%, Copper-JJC +1.2%, Telecos-IYZ +1.2%.

Regional: South Africa-EZA +2.5%, Israel-EIS +2.2%, China-FXI +1.5%, Australia-EWA +1.5%.



ETF relative weakness:

Sector: Volatility-VXX -2.3%, Oil Services-OIH -2.0%, Natural Gas-UNG -1.3%, Banks-KBE -1.1%.

Regional: Spain-EWP -3.5%, Italy-EWI -2.8%,… Continue

Added by ken flagg on May 24, 2010 at 1:50pm — No Comments

SMF NASDAQ 100 (NDX) strength & weakness- Widely helds still lead here @ midday


NDX 10 Best % Performers:
GOOG, AAPL, VRTX, PCLN, TEVA, SNDK, BIDU, DELL, FLEX, LIFE

NDX 10 Worst % Performers:
MRVL, LOGI, ERTS, FSLR, FWLT, WCRX, XLNX, NVDA, LINTA, KLAC

NASDAQ A/D +330
NASDAQ TRIN +0.80

Added by ken flagg on May 24, 2010 at 1:48pm — No Comments

C Asset management sector downgraded to Neutral from Attractive at Goldman

Goldman also upgraded Citigroup (C) to Buy from Neutral; and cut Wells Fargo (WFC), Arch Capital (ACGL), Validus (VR) and Comerica (CMA) to…

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Added by ken flagg on May 24, 2010 at 8:17am — No Comments

Early Floor Talk: Giving Back Friday's Rally

Equity futures are trading sharply lower this morning (S&P futures -13 and DJ futures -100), giving up the late-Friday short-covering rally as money again flows away from risky assets. The focus remains on Europe , whose markets fell overnight and are currently trading just off their lows. The major European averages are down 0.7-1.5% (FTSE -0.7%, CAC -0.8%, DAX -1.5%), while Spain (-2.2%) and Italy (-2.9%) are showing steeper losses. Financials… Continue

Added by ken flagg on May 24, 2010 at 7:51am — No Comments

Libor Shows Strain, Sales Dwindle, Spreads Soar: Credit Markets

May 24 (Bloomberg) -- Corporate bond sales are poised for their worst month in a decade, while relative yields are rising at the fastest pace since Lehman Brothers Holdings Inc.’s collapse as the response by lawmakers to Europe ’s sovereign debt crisis fails to inspire investor confidence.



Companies have issued $47 billion of debt in May, down from $183 billion in April and the least since December 1999, data compiled by Bloomberg show. The… Continue

Added by ken flagg on May 23, 2010 at 11:20pm — No Comments

New Policy and Procedures 5/13/2010

We have been involved in writing new Contracts, agreements, and documents that are involved in the changes comming to our firm. It is in no way as fun and exciting as TRAINING and TRADING, however it in necessary. Change is good! Change is necessary.

Options expiration was very exciting. Saw AAPL 240 May calls, drop to 19 pennies, 10 minutes before expiration, then jump to 2.25 in minutes. Thats a 1000% profit in minutes. 200 hundred contracts would have cost approx $400 and…

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Added by Rick Gulley on May 23, 2010 at 5:00pm — No Comments

5-21-2010 Journal: Options Expiration - Indexes Close Over 1% Up

The Dow increased 125.38 points (or 1.25%) closing at 10193.39, the Nasdaq was up 25.03 points (or 1.14%) to finish at 2229.04 and the S&P was up 16.10 points (or 1.5%) to finish at 1087.69.



Today's movement came from higher than avg. volume (NYSE 2295 closing avg of 1315; Nasdaq 3308, 2551), with … Continue

Added by Tami Trades on May 21, 2010 at 11:00pm — No Comments

5-21-2010 End of Day Summary

Pressure in the first few minutes of trade dropped the stock market to a fresh three-month low, but a rally by financials helped swing the broader market to higher ground and put an end to its recent streak of losses. Global participants reacted to the stock market's 3% drop in the prior session by trimming risk overnight. That caused steep slides among many foreign markets and sent the… Continue

Added by Tami Trades on May 21, 2010 at 10:51pm — No Comments

DNDN Global Healthcare Conference

Monday:

$27 bln 3-month and $26 bln 6-month Treasury Bills Auctions

XRX, IT, CATM, KELYA at Bank of America Merrill Lynch Services Conference

HRS Analyst Meeting



Tuesday:

Fed's Bullard

V at UBS Electronic Payments Summit

Bernanke at BoJ Conference



Wednesday:

DNDN, BAX, CELG, ISRG at Citi Global Healthcare Conference

YHOO Investor Day

$40 bln 5-yr Treasury Notes Auction



Thursday:

Fed's… Continue

Added by ken flagg on May 21, 2010 at 10:44pm — No Comments

Commodities Weekly Summary: Energy and Metals Markets

Due to broad market weakness, which came on sovereign debt concerns, an increase in jobless claims and a negative leading indicators number, as some of the top drivers, most commodities took fell notable. Specifically, the energy and precious metals markets fell sharply, excluding copper, while the agriculture market was mixed. These losses even occurred despite a n 0.8% decline in the US Dollar Index this week.



Looking more closely at energy,… Continue

Added by ken flagg on May 21, 2010 at 10:41pm — No Comments

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