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Absolutely belaboring the obvious but there are many reasons. The market spiked and reversed. Yes it was down an insgnificant amount but compared with the spike high it was a significant move. Vix had already diverged a week ago acting as prelude to the reversal. The FED is worried about...

Key reversal day. Make note. Target on S& P as low for the summer dip is 1450

Well the ride up has stalled for now. I still see plenty of upside however I would think a hedge until the Santa Claus rally would be a good idea, then ride it until march then maybe consider profit taking before the next downdraft which should be a tremendous buying opportunity for those that...

CS

Anemic volume. Volatility drying up. Can't trade if there is no counterparty. It will take an exogenous event to wiggle things loose I suppose.

Wrong way on Natty?

True. Not to say exchange risk is new but that technology exchange risk is climbing the ladder. That's why selling when it's up and buying when it crashes works so well I suppose. Fear incited by the unknown. Confidence inspired by the decision to ignore risk.

Going forward another new risk has been elevated---exchange related. Add this to natural disasters, man-made disasters, terrorist events, war, etc.

More halts.??? http://www.businessinsider.com/report-tokyo-stock-exchange-halts-derivatives-trades-2012-8

Consider the following. The CB's know what the economic data are. They no longer deny outright "Open Market Operations" as in the fairly recent past. We are in unknown territory, truly, and therefore I think the can gets kicked (hate that term) down the road. We have ups and downs but by...

Very good insight. Not wise to wag your tongue at the elephants or you'll get trampled.

So here's the drill. Jobs Report Strong---That's the headline. The rally started when the computers kicked in at 1350 in the spus. Huh?!? So I thought the jobs report was released Friday am. Why did the push start at 12:30 EST Thursday and kick in when Europe opened? Oh yeah that's...

Yes. Random. I forgot....

Without getting too technical I tend to think monthly open/closes, weekly open/closes, and daily open/closes as worth watching and today we closed out the month. So for instance if you were gonna get flat after being long or kick off a short for the month you'd want to do that at month end...

Thank you for the tips. I ran short all day but have to say the veracity of the close was very telling.....

Weak close. Market lost momentum today. CB'ers better pull off some more magic 'cause otherwise we're looking at another sell-off

If the smoke clears even a little Euro financials are gonna squeeze like a mofo. At least the market is moving. Better than the death days of 2004-2007 where ranges died.

Famous last words. Shorts are getting squeezed.

Aw shucks I guess you're right. When the tape you read makes no sound except the cha ching of green then you know you are ready Grasshopper...

YES!!! My point exactly. If the FED(s) print and the market goes up don't fight it.