People seem to get data wrong, they assume it happens in a vacuum. They confuse causation with correlation. They discount living through the experience. It is the difference between watching the movie and reading the critique. As a market participant your goal is to determine what the market thinks is most important and apply risk management to it….
Tag Archive: nasdaq
Quick overview of the open.
Posted 9:27 ET. Yesterday we hit our upside targets in the big picture for S&P 500, NASDAQ, and DJ. This almost never happens simultaneously as it did. Although the overall trend is up this will help loosen up the market and eventually some side will puke or get really aggressive. This is part of the reason…
Quick thoughts on the market.
Published at 9:35 AM CT, 1/19/2012 The pit did very little after buying it with two hands since the start of the week. Much of the move happened overnight, again. The NASDAQ took out last year’s high. At first it came up short and then finally got through it and proceeded to break. This is…
Quick thoughts on $ES_F
Brokers came in this morning and bought a decent amount in the pit. I put some credence in that they bought them but that information I file away. What is more interesting is that they worked many big orders. Normally the brokers will try to hide it. It means someone really wanted those prices or…
Two reasons this isn’t window dressing.
The Reformed Broker has a piece out today talking about window dressing. As a technical analyst I am aware of the games that can happen but I can’t ever bet on it. The reasons why a market moves doesn’t really matter to me. Of course you put things in the back of your mind for…
