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    Inter-index intraday spread trading

    I see a profitable spread between SPX and INDU. I'll have to check whether the opportunity exists between ES and YM. I cannot afford to trade the baskets, so if there is no spread betwen ES and YM I won't be able to profit from the spread between SPX and INDU. Good point. I will add ES and YM to...
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    Inter-index intraday spread trading

    OK. I'll look into ES vs. YM, knowing that winning more trades than I lose depends on getting the direction of the spread right. I am not worried about losing on a trade, because of the correlation. It's hedged, however imperfectly -- if not for the imperfection of the hedge it wouldn't be...
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    Inter-index intraday spread trading

    Exactly. Trading this way lets me be in the market and do my day job, too, without worrying about every twitch the market makes. There may be greater potential with NQ vs. ES and some others -- I will look into it. I latched onto ES vs. Ym, because the value of the contracts is close for one...
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    Inter-index intraday spread trading

    Yeah, I suspect that it isn't necessary to close the trade by end of day.
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    Inter-index intraday spread trading

    Yeah, that is one of the big risks here: failure to leg into the trade. I am going to have to check whether the "spread" only closes when the market moves fast or only becomes wide when the market moves fast -- slippage could be a problem. I am sure that it might be difficult to do this sort of...
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    Inter-index intraday spread trading

    Ah, you've restored my faith in ET, so I'll proceed. I've sampled the dow and s&p at times, for several days, intraday, at yahoo's web site and observed this phemomenon. I am a doubter, though. So, I've started collecting data via IB's API, collecting SPX and INDU and confirmed that this...
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    Inter-index intraday spread trading

    Why are you laughing? I don't mind -- laughing is good for you. Do you think that they are not correlated? It seems to me that if they are correlated, except when they're not, that there is an "edge" -- a market inefficiency -- there when they become uncorrelated.
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    Inter-index intraday spread trading

    I've gone to the yahoo.com finance page (from the main page, click on the markets link). If you go there, you'll see that you can get a graph of the nasdaq, dow, and s&p indices (they seem to show the nasdaq and dow by default, so I mouse over s&p to see that one). What I see is some...
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    Rumors of a suprise rate cut...

    Ha, ha , ha! Will rate cuts help? Since they've started cutting rates the market has been going DOWN! Sure, you get a bounce at each rate cut -- sell into that bounce -- but then the market goes down some more. There are actually people, believe it or not, who look at FUNDAMENTALS. After the...
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    One post Shills are back!!

    The site is non-degradable.
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    Black Wednesday

    Yeah, I want S&P as low as 750. That will let me fill my long-term acct. with some good buys. INTC at $15, anyone? Bring it on!
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    I'm tired of IRS paperwork every year -- We Need a Change Now!

    Tired of the IRS? You must rise up! Revolt! Throw those chains off!
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    Stop Losses are for Losers

    I read somewhere, today, that GS removed GOOG from one of their indices/holdings, because it had gone down enough -- about 14% -- to hit their stop loss! Are GS loosers?
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    S&P above 1410 would be a gift for shorts

    1929 was a global event.
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    Death by 1000 Cuts

    How will you make any money only realizing losses?
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    Who's from Phoenix???

    yeah, jack & spyder come to mind ;-)
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    Political Bombshell in works

    b-b-but McCain was born before 1903, right?
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    Why home prices could drop 25% more on average....

    Yeah, look at price/rent ratio historical values. They do support the idea that there could be a 30% decrease at recent prices. But if rents go up while prices drop, it may not be that much. The real killer is the comps, when a REO sells for less than comparables in the neigborhood. Look...
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    Is it finally time to snap up a house?

    Mortgage apps are up, for refis. Wait until building permits increase, then wait for actual starts to increase. That *may* signal a bottom.
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    Negativity + Stupidity= Horrible January 2008

    Why didn't you complain about all the "100% up room to go" posts ? You will get a positive attitude by joining the bears. Don't worry. Be happy.
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