tuesday brainstorming

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.

excerpt

Lowest Non-Holiday Market Volume Since 2008 Market Crash

Tyler Durden's picture

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.

2. Sentiment remains bullish and leaves not a lot upside scope.
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MONDAY, APRIL 4, 2011 Blank Image
INVESTOR SENTIMENT READINGS
High bullish readings in the Consensus stock index or in the Market Vane stock index usually are signs of Market tops; low ones, market bottoms.
Last Week 2 Weeks Ago. 3 Weeks Ago
Consensus Index
Consensus Bullish Sentiment 67% 66% 64%
Source: Consensus Inc., P.O. Box 520526,Independence, Mo.
Historical data available at (800) 383-1441. editor@consensus-inc.com
AAII Index
Bullish 41.8% 37.8% 28.5%
Bearish 31.1 35.0 40.1
Neutral 27.1 27.3 31.4
Source: American Association of Individual Investors,
625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170.
Market Vane
Bullish Consensus 60% 58% 56%
Source: Market Vane, P.O. Box 90490,
Pasadena, CA 91109 (626) 395-7436.
FC Market Sentiment
Indicator 58.0% 58.0% 58.0%
Source: First Coverage 260 Franklin St., Suite 900
Boston, MA 02110-3112 (617) 303-0180. info@firstcoverage.com
FC Market Sentiment is a proprietary indicator derived from actionable sell-side trade ideas sent by the sell-side to their buy-side clients over the First Coverage platform. Over 1,000 institutional sales people at more than 250 firms participate on the First Coverage platform and have contributed hundreds of thousands of ideas since inception. Each Idea is associated with a ticker or sector and is tagged bullish or bearish by the creator. This data is aggregated at the sector, industry and market level. The FC Market Sentiment score ranges from 0-100 (0=most bearish, 50=neutral, and 100=most bullish) and represents a completely objective, real-time view into what advice the sell-side is providing to their buy-side clients
Citigroup Panic/Euphoria Model

Market Sentiment

 

 

 

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~ by behindthematrix on April 5, 2011.

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