Despite all the postive factors, the daily news flow keeps markets down …
Today, the news of the day was not the successful VISA IPO, but the rumours around HBOS, the UK lender as well as news about Thornburg Mortgage, which seemingly will file for bankruptcy and the talk about different hedge funds having huge liquidity […]

Watch Friday’s expiration and how market fares the week after …
At the moment we see a huge short squeeze especially in the Financials …
I trade since 1982, but the current volatility seems to me unprecedented …
Some of today’s “sparkling diamonds”
30 mins before the close … as I can’t wait …
Goldman + 14%
Merill + […]

As markets were close to collapsing …
The PPT (plunge protection team) buys like tomorrow no more shares would be available
After gapping below the January lows (S&P 1264), market started squeezing NORTH …
Ironically, Lehman and Deutsche Bank started the buying …
Now we traded above Friday’s low (1275.50) and last weeks low (1274.5).
Technically … this […]

The situation remembers me to the situation in August …
Market in FREEFALL as visibility lacks … this time again … Bernanke tells congress, that up to 50%(!) of housing value could be destroyed … he thinks, that we will see weak housing and weak equity markets. As a add-on we get Philly Fed very LOW. […]

Not unexpectedly, market made a nice move on expiration day … this time to the upside … showing, that too many market participants are too bearish and still short.
The longer term picture is still not decided … BUT … now the Bulls have a slight advantage over the Bears …
Looking at statistics … the market […]

After some volatile days without real price progress, be CAREFUL as tomorrow is December Expiration for options and futures … it would not be the first time, that the market moves heavily to one side on such a day as the real money already is enjoying X-mas vacations or buying presents for friends and family…
To […]

Situation:
U.S. Markets: sold off on revived fears that subprime and CDOs problem bigger than “thought” … analysts are soooo intelligent … bounced a bit in the last minutes related to today’s expiration.
Asian Markets: selling off as well … with Hongkong taking the hardest hit
Commodities: sideways Currencies : Yen strenghthens again
Events: US … Net Long-Term […]