1. We had a late Merger-Monday which usually happens before market opening rather happened towards the close turning around a weak Tech sector the same day. Still overnight the same weakness sets in as expected a softer tone should have started the week but on the 6th we will have an exception as astrology suggests a very positive bias for 24-48h as Sun and Jupiter and conjunct which will be followed by a stationary Pluto on the 8th in square to Mars which will last for a few days thereafter – it will create high potential aggression hence very likely some kind of distress will be the result. For shortbterm traders that might create a buying opportunity but I rather do not recommend to play that for non pros as it will be a volatile top creation and not a smooth bullride as the market trades without any volume and is a pure manipulation game. The upside is around 3-4 % overall but will be followed by a downside of at least 15% that are not the odds medium term one should play on the long side.
asiablues04/04/2011 – 20:40The Oil market right now looks more like a Vegas style casino, but this April WTI rollover cycle would test the long standing argument that markets are never run-over by speculators.
ilene04/04/2011 – 18:48The official story is that Bergman’s position was eliminated in a reshuffling at the Chicago Fed, though that excuse feels just as fishy as the Argentina one.
Lowest Non-Holiday Market Volume Since 2008 Market Crash
Submitted by Tyler Durden on 04/04/2011 16:54 -0400
Somewhat ironically, up until the Texas Instruments news hit, NYSE market volume today was 3.2 billion shares. This is on par with the lowest non-holiday market volume since just before the market crash in September 2008. It seems not even algos and robots care to trade this market anymore. Any banks that may have been hoping to make some commission-based profits on a mythical jump in trading this uear will have to shelve such plans and continue to rely on the only proven money-making model: massively leveraged prop trading.
|MONDAY, APRIL 4, 2011|
INVESTOR SENTIMENT READINGS
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