Monthly Archives: September 2010

Metals break out as bond yields plummet

Advertisements

Posted in Market Commentary | Leave a comment

S&P topping out, USD bottoming out?

S&P selling below 1130 and DX bouncing off 79.74 has technical significance. Already short S&P from earlier this morning and now I’m going back short EURUSD as well. The S&P 500 is selling off of January highs around 1150, which … Continue reading

Posted in Market Commentary | Leave a comment

Revisiting: Shades of April 4, 2000

Back on the day of the Flash Crash, I penned an article entitled “Shades of April 4, 2000“, in which I compared the May 6 stock plunge to a similar occurrence in the Nasdaq on the onset of its bubble … Continue reading

Posted in Market Commentary | 1 Comment

Market breaks out ahead of FOMC

Another light day in dataflow today ahead of tomorrow’s busy schedule, which includes the FOMC meeting, housing starts, ABC consumer confidence, and Canadian CPI. Homebuilder Lennar beat EPS estimates, coming in at 16c vs 3c expected. Meanwhile, the ESFS was … Continue reading

Posted in Market Commentary | Leave a comment

Risk back on as ISM and Chinese PMI surprise

A flurry of economic data sent markets higher today as growth concerns were trumped by upside surprises that sent risk surging off of significant support levels. Aussie GDP started the rally last night, as Q2 YoY came in at 3.3% … Continue reading

Posted in Market Commentary | Leave a comment