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Small caps have under performed the majors for the past 12 months. This isn't a new phenomenon. But from a historical modeling perspective it's probably a good bet to be long Russell 2000 and short S&P 500 or DJ as a weighted spread at some point. The spread could converge even in the face of...

You are certainly entitled to your opinion, but Powell's statement to the Senate Banking Committee today was very clear. No tea leaves there to be deciphered - he was very straightforward about monetary policy being too restrictive. He was very forward about his opinion that the "traditional"...

I watch the spreads between the small caps, the mid caps, and the majors. It's quite common for there to be lead/lag between them. Especially when you have large funds and 401K allocations rotating between them.

The US economy, Natural and Social Capital, legal system and political structure has absolutely NOTHING in common with Turkey or Venezuela. That’s just crazy talk.

This movie keeps getting played over and over...

You bring up a very good point - every technical analysis indicator that I can think of existed prior to the advent of 24 hour electronic markets. Finite trading sessions and concepts like opening gaps are hardly relevant.

Other than certain options markets there is no longer a "Pit". It's history. But to your point, if you want to model a given time frame every trading day that's fine. I personally use 24 hour data myself for my own modeling.

I don't necessarily agree that you require automation per se - but in order to get filled in a moving market you should step out and hit a bid or lift an offer. But I agree that automation makes trade entry and position management cleaner in many cases.

Bookmark this page from the CME. https://www.cmegroup.com/trading-hours.html#metals

That is correct. There used to be a time when the London Metals Exchange Pit hours heavily influenced the Comex contract on Globex - but now the daily prompts, monthly, and quarterlys are traded electronically from 01.00 to 20.00 (London time) via LMEselect. In other words - Comex was the...

Unfortunately, this was a somewhat overlooked post. When I first started out trading - I scalped Bonds in the Pit. There were CBoT supplied monitor screens installed aside the Bond and Note Pits with the Cantor Fitzgerald OTR Cash Treasury markets - and for good reason.

“Order Flow” as you term it is also historical in nature - it’s no fresher than a time & sales ticker or a tic chart. If you’re going to delve into the micro structure of markets you would be well served to study the rules-based hierarchies found in Algo and HFT designs. I wish you good fortune!

Pivot points are forward trading range projections derived from historical on-the-run trading range calculations. To take as established fact that PP’s identify market sentiment and other magical properties is a wild overstatement.

Deutsche Bank suffers one of its largest losses on a single trade ever FEBRUARY 21, 2019, 11:31AM EDT Deutsche Bank lost $1.6 billion on a single bond investment in 2016 involving insurance from Warren Buffet's Berkshire Hathaway, according to a recent report by the WSJ. The loss will go...

There is so much “spoofing”, flipping, stacking, order-crossing and gamesmanship going on with electronic order books that only a fool would try to interpret anything from depth-of-market. And big commercials use very sophisticated “Iceberg” order injection algorithms in order to hide their...

Sticking toxic assets into a renamed silo won't make the problem go away. Until they're sold off it's DB's exposure.

That's not so easy to accomplish. And comparing them to Wells Fargo is a stretch. For one thing, the ECB relies upon Bank provided information for their stress tests (The US Fed does their own independent audits). So you really can't have unwavering confidence with the quoted risk leverage...

I had very limited exposure to DB - mostly in the energy derivatives space. What struck me was the consistent rumors in the market about their desk taking some sort of hit. I never got the sense that their traders were on the same competency level as the Citadel or DRW desks or other serious...

Well, those coupon payments are going to the secondary market counter party not the Fed.

Fascinating how it seems that these market timing threads invariably always end badly for the OP.