Expiration week … or … Goldman’s playground
Expiration week … means high(er) volatility and funny moves …
A good example was today … charts looked weak … BUT
in today’s world … the “ones who know” … have the power …
So what happened … Europe went bid … slowly … but steadily …
Then some fundamental news … again all weak … creating short positions against the “ones who know” …
Now … repeat of possible delay of interest rate hikes … squeeze one …
then … 6bln Euro buy back announcement of Daimler … squeeze two …
then “rumours” of good Goldman figures … squeeze three …
then Goldman figures EVEN better … squeeze four …
Dax ran up more than 1.5% … dragging the S&P higher …
Then … at the top … Goldman study on banks … NEGATIVE …
still a high US opening … and then …
as expected … a nice RED candle in the US markets …
led down by the financials …
Did I mention that the Goldman figures were not that good in absolute terms, only in the headline number?
I am quite sure, that Goldman had a successful trading day today … 
And nobody stops them …
So … the only chance to win against them … a purely technical approach and LOADS of discipline …
BE AWARE!!!
Tags: Daimler, expiration, Goldman, manipulation
Juni 18th, 2008 at 13:06
This is a very simple week. Everybody is fed up with Q1 Q2 performance. Everybody is hoping that it doesn´t even get worse. And everybody wants to get rid of this big options. At least the big boys. So you have stupid market makers who are long vol trying to make movements, but the big guys have all incentive to keep them in check. So nothing will happen until FRI. Next week is another week…
Juni 18th, 2008 at 13:17
Let’s see … most interesting item … how long are they dissappointed only … when will they feel pissed and SELL?