No stop?
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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No stop?
couple of potential ways it could play out:
1) market holds up through quarter end, awaits jobs report. Jobs report is as good as everyone expects, and its a sell the news event.
2) market sells off this week due to global jitters, and then recovers after job report and runs deep into april. Sell in may when all the sovereign debt rollovers start.
1) market holds up through quarter end, awaits jobs report. Jobs report is as good as everyone expects, and its a sell the news event.
2) market sells off this week due to global jitters, and then recovers after job report and runs deep into april. Sell in may when all the sovereign debt rollovers start.
Capitulation: Biggest Weekly Spike In S&P Large Contracts On The CFTC In History - $19 Billion In Index Shorts Covered
Tyler Durden's picture
Submitted by Tyler Durden on 03/28/2010 21:34 -0500
This is what capitulation looks like:
The chart above is an indication of the net speculative contracts on the CFTC as disclosed by the weekly COT report. In particular, this tracks the S&P Large contracts (x 250). Last week saw the single biggest weekly short cover in the history of this data set, indicating one of several things: 1) some large fund(s) capitulated and covered a major short position, 2) the ongoing forced short buy-ins by the State Streets of the world have finally yielded results, 3) someone is positioning for a massive move higher in the market by going net short to neutral. The net weekly change in contracts of 66,043 is a record, and involves a staggering amount of capital: the money involved is 1,150x250x66,000 or roughly $19 billion. A weekly move of this magnitude was only ever seen once before, on March 24, 2009, when the government had to cement the bottom of the market following the 666 low. As the Large uses Open Outcry, it explains why we were getting numerous emails from pit traders indicating that Goldman was buying up billions worth of S&P Large.
....
http://www.zerohedge.com/article/ca...-cftc-history-19-billion-index-shorts-covered
Tyler Durden's picture
Submitted by Tyler Durden on 03/28/2010 21:34 -0500
This is what capitulation looks like:
The chart above is an indication of the net speculative contracts on the CFTC as disclosed by the weekly COT report. In particular, this tracks the S&P Large contracts (x 250). Last week saw the single biggest weekly short cover in the history of this data set, indicating one of several things: 1) some large fund(s) capitulated and covered a major short position, 2) the ongoing forced short buy-ins by the State Streets of the world have finally yielded results, 3) someone is positioning for a massive move higher in the market by going net short to neutral. The net weekly change in contracts of 66,043 is a record, and involves a staggering amount of capital: the money involved is 1,150x250x66,000 or roughly $19 billion. A weekly move of this magnitude was only ever seen once before, on March 24, 2009, when the government had to cement the bottom of the market following the 666 low. As the Large uses Open Outcry, it explains why we were getting numerous emails from pit traders indicating that Goldman was buying up billions worth of S&P Large.
....
http://www.zerohedge.com/article/ca...-cftc-history-19-billion-index-shorts-covered
Watch out! Bombs in Russia and Greece. Greece debt situations is very bad and the country will default sometime in the next months (with bailout or not). Also, Government auctions have been a failure last week, and interest rates spiked (on treasuries).
Therefore, they will prop the stock market to oblivion, it's their way to show the American public that "everything is ok". Be careful, this market is the most rigged that I ever seen. They are not even disguising anymore, it is like "war". Bad news comes out? Prop the sp 500 up, up, up.
Therefore, they will prop the stock market to oblivion, it's their way to show the American public that "everything is ok". Be careful, this market is the most rigged that I ever seen. They are not even disguising anymore, it is like "war". Bad news comes out? Prop the sp 500 up, up, up.
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