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I love it when they put Liz on the NYMEX talking about the "RBOB Crack Spread" . . . Love it! http://www.lizclaman.com/ :D

Nope, you weren't wrong about the $17 per barrel figure. But those figures in that weblink have nothing to do with the refining margins on the WEST COAST which is where VALERO does most of its business. On the West Coast, refiners are currently looking at a $39 per barrel margin because they...

If you are talking about "program" trading on the NYSE, then you are talking about institutions like mutual funds (along with some proprietary IBanks and their equity derivative desks playing stock-index futures arbitrage which is different ) trading huge electronic baskets of stock. Most of...

I hate to RAIN on anyone's "parade", but strong refining margins in Q1 of this year is OLD NEWS. These strong margins are easily tracked at the Dept. of Energy website and have been going on for months. http://www.eia.doe.gov/oil_gas/petroleum/info_glance/petroleum.html Those of you who...

There will be NEW "Expanded Portfolio Margining" effective in April. The margin rules will apply "Portfolio Risk" standards in regards to options strategies applied to stocks, as opposed to the absurd margin applications that we have seen in the past, and currently use...

Sounds a lot like Goldman Sachs and Abbey Joseph Cohen. And that even takes into account a slowing Economy and higher inflationary pressures. :)

The Anvil platform is certainly having its fair share of issues this morning. Am unable to execute any NYSE stock, even with the "proactive" order ticket settings. Reg. NMS issues. Ugh!

I used to be a floor trader in the World Trade Center back in the late 80's when Bolling was first starting out on the NYMEX with a lot of new guys. Had lunch in the dining commons with him and other traders such as Marc Fisher ( who I once saw try and back out of a 200 lot purchase from a...

Speaking of Astrology, the Bradley Siderograph doesn't have any turning points until March 10th, March 20th, April 20th, May 4th, and a more significant turning point on June 14th and also August 26th, with October 17th being THE most important date of all...

Market bottoms at 1366 on the S&P. People looking for the 10% correction will be disappointed, and WRONG. Liquidity is not an issue. Money is generous and the FED is on hold. Hard to start a recession when their isn't a credit crunch with rates.

Remember DLJ market strategist Tom Galvin? He was a God until the end of the Big Bull Market in 2000 when the MEDIA "killed" him. http://www.thestreet.com/markets/aarontaskfree/932780.html "Galvin is the new star on Wall Street," the source said. "Plus, the press has already destroyed...

Too bad the margin rules change in April of this year to a much more "Portfolio Risk" basis. Guess Cook didn't write about that, did he? http://www.optionetics.com/market/articles/16454 Friday's close now points to the first fib retracement level of 1366 SPX. I'll be a major buyer...

Yep, the BEST price wins. No "trade-throughs". Market-centers are all required to route out to others when their respective books cannot immediately fill certain orders, each market center will be doing whatever they can to ensure that the liquidity levels exist within their book in order to...

Opened .96 cents lower, got slammed down to -$1.85 and ran all the way back to unchanged. Gotta love this stock for TRADING!!! :p

Strong buyer yesterday on the 85.00 bid from 12:40PM till 2:00PM when the stock was only down .60 cents. Even when the stock broke into the $84 handle with the market break after 2PM, L-3 saw good buying. Low and behold, and UPGRADE by JP Morgan today. BUY LLL SELL LMT (pair...

Agreed 100% There was a time when the DJIA was "frozen" for the longest time at 2:05PM EST at -217 points. Meanwhile, the S&P futures began a precipitous drop ( from the 1422 area ), with the very first plunge being 6 handles in about 5 minutes. This happened again at 2:25PM EST. yet, the...

MERRILL looking for a 5% correction over the next 40 trading days.

That's downright scary, given the amount of chart "freezes" that subscribers had here in the United States during the month of January on E-Signal.

As I recall, he cried "Wolf" more than a few times in that "call" of his in 2004 and even went so far as to use several aliases to pat himself on the back . . . as most others have done in similar vein on this thread. Typical ET blather. :)

Very important WEEKLY close today. Any sell-off should find support between 1451.75 - 1449.35 on the SPX. A close today above 1455.54 will confirm last week's upward reversal pattern that suggests 2 to 3 more weeks of higher prices. Upward objectives still target 1470.50 / 1472.85 :)