Comments on: Wednesday’s Trading http://www.trivisonno.com/wednesdays-trading-7 Bear Market Growls Until January 2010 Thu, 08 Jan 2009 21:26:08 +0000 http://wordpress.org/?v=2.6.5 By: Yerk http://www.trivisonno.com/wednesdays-trading-7#comment-5537 Yerk Thu, 04 Sep 2008 06:43:48 +0000 http://www.trivisonno.com/?p=715#comment-5537 Larry, or to put it that way: Give your shorts enough time until expiration. I'm not sure whether this already is a result of the credit crunch. They speed of the downward reaction in commodities seems more like an unwinding of speculative long-positions. Credit crunch will eat its way through the economy more slowly (and far more painfully). Hedge funds will not be the only ones getting bitten by this move downward. When are the financial gamblers reporting next time? Larry,

or to put it that way: Give your shorts enough time until expiration.

I’m not sure whether this already is a result of the credit crunch. They speed of the downward reaction in commodities seems more like an unwinding of speculative long-positions. Credit crunch will eat its way through the economy more slowly (and far more painfully). Hedge funds will not be the only ones getting bitten by this move downward. When are the financial gamblers reporting next time?

]]> By: Charlie http://www.trivisonno.com/wednesdays-trading-7#comment-5527 Charlie Thu, 04 Sep 2008 05:49:40 +0000 http://www.trivisonno.com/?p=715#comment-5527 NP Matt, hopefully you can make more sense of it than me and thus help me out in return :) All I know is that when rates decrease, it is caused by demand in the treasuries, which basically means that a flight to safety going on. Perhaps you can elaborate on the significance for me as I am still trying to find the best way to correlate the direction of the market vs. the expected yields on treasury notes. NP Matt,

hopefully you can make more sense of it than me and thus help me out in return :)

All I know is that when rates decrease, it is caused by demand in the treasuries, which basically means that a flight to safety going on.

Perhaps you can elaborate on the significance for me as I am still trying to find the best way to correlate the direction of the market vs. the expected yields on treasury notes.

]]> By: admin http://www.trivisonno.com/wednesdays-trading-7#comment-5519 admin Thu, 04 Sep 2008 04:06:53 +0000 http://www.trivisonno.com/?p=715#comment-5519 Paul, Charlie, Thanks for the treasury stuff. Matt Paul, Charlie,

Thanks for the treasury stuff.

Matt

]]> By: Larry http://www.trivisonno.com/wednesdays-trading-7#comment-5518 Larry Thu, 04 Sep 2008 03:53:58 +0000 http://www.trivisonno.com/?p=715#comment-5518 Folks, the sheeple hedge funds that follow GS are falling apart on falling commodities. Financials will soon report more losses. More liquidations and fire sale of assets to meet capital requirements. On next leg up, maybe it's time to consider to sit short for a month with a small part of your portfolio. My target is VIX above 35 intra-day in October. Repeat disclosure: I'm a terrible trader and therefore make only 3-4 trades a year. Folks, the sheeple hedge funds that follow GS are falling apart on falling commodities. Financials will soon report more losses. More liquidations and fire sale of assets to meet capital requirements. On next leg up, maybe it’s time to consider to sit short for a month with a small part of your portfolio.
My target is VIX above 35 intra-day in October.
Repeat disclosure: I’m a terrible trader and therefore make only 3-4 trades a year.

]]> By: Pooch http://www.trivisonno.com/wednesdays-trading-7#comment-5501 Pooch Wed, 03 Sep 2008 22:49:52 +0000 http://www.trivisonno.com/?p=715#comment-5501 The September NASDAQ 100 closed lower on Wednesday as it extended last week's decline. A short covering rally tempered early losses and the mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near-term. If September extends this week's decline, the reaction low crossing at 1801.75 is the next downside target. Closes above the 20-day moving average crossing near 1911.92 are needed to confirm that a short-term low has been posted The September NASDAQ 100 closed lower on Wednesday as it extended last week’s decline. A short covering rally tempered
early losses and the mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are oversold but
remain bearish signaling that sideways to lower prices are possible near-term. If September extends this week’s decline, the
reaction low crossing at 1801.75 is the next downside target. Closes above the 20-day moving average crossing near 1911.92
are needed to confirm that a short-term low has been posted

]]> By: Paul F http://www.trivisonno.com/wednesdays-trading-7#comment-5497 Paul F Wed, 03 Sep 2008 22:22:04 +0000 http://www.trivisonno.com/?p=715#comment-5497 Yerk, Ameritrade (and maybe others) colors the candles based solely on opening and closing price. 1) close higher than open and previous close: solid green 2) close higher than open and lower than previous close: solid green 3) close lower than open and previous close: hollow red 4) close lower than open and higher than previous close: hollow red Kind of annoying. Should be: 1) close higher than open and previous close: solid green 2) close higher than open and lower than previous close: solid red 3) close lower than open and previous close: hollow red 4) close lower than open and higher than previous close: hollow green Just my opinion Yerk,

Ameritrade (and maybe others) colors the candles based solely on opening and closing price.

1) close higher than open and previous close: solid green
2) close higher than open and lower than previous close: solid green
3) close lower than open and previous close: hollow red
4) close lower than open and higher than previous close: hollow red

Kind of annoying. Should be:

1) close higher than open and previous close: solid green
2) close higher than open and lower than previous close: solid red
3) close lower than open and previous close: hollow red
4) close lower than open and higher than previous close: hollow green

Just my opinion

]]> By: Charlie http://www.trivisonno.com/wednesdays-trading-7#comment-5494 Charlie Wed, 03 Sep 2008 21:38:07 +0000 http://www.trivisonno.com/?p=715#comment-5494 noticing huge after hours volume on XLF. Huge block of 6 million and 3 million shares traded. I wonder if that is just a program resolving the trades for the day as the price didn't move much given those trades. noticing huge after hours volume on XLF. Huge block of 6 million and 3 million shares traded.

I wonder if that is just a program resolving the trades for the day as the price didn’t move much given those trades.

]]> By: Yerk http://www.trivisonno.com/wednesdays-trading-7#comment-5492 Yerk Wed, 03 Sep 2008 21:32:57 +0000 http://www.trivisonno.com/?p=715#comment-5492 Paul F you're right... But why do they point candlesticks green when the price went down? With regard to refinancing, it's not only the US banks looking for some spare cash: http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/03/cnsls103.xml Paul F

you’re right… But why do they point candlesticks green when the price went down?

With regard to refinancing, it’s not only the US banks looking for some spare cash:
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/03/cnsls103.xml

]]> By: Tony G http://www.trivisonno.com/wednesdays-trading-7#comment-5490 Tony G Wed, 03 Sep 2008 21:00:45 +0000 http://www.trivisonno.com/?p=715#comment-5490 SKF/XLF: i think the financials will remain well bid until Lehman's recap is announced. the financials wont fall until they have to raise money again. if the deals receive a lot of interest, xlf will hold up. if the major banks have trouble raising money, skf will rocket higher again. SKF/XLF: i think the financials will remain well bid until Lehman’s recap is announced. the financials wont fall until they have to raise money again. if the deals receive a lot of interest, xlf will hold up. if the major banks have trouble raising money, skf will rocket higher again.

]]> By: Charlie http://www.trivisonno.com/wednesdays-trading-7#comment-5488 Charlie Wed, 03 Sep 2008 20:57:24 +0000 http://www.trivisonno.com/?p=715#comment-5488 BTW.. SKF is below the 200 MA. Historically, it has bounced back shortly after piercing it in the past. Will see if this holds true this time or not. BTW.. SKF is below the 200 MA. Historically, it has bounced back shortly after piercing it in the past.

Will see if this holds true this time or not.

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