Archive - May 5, 2009
The Mystery That Is SPY Advertised Volume
Submitted by Tyler Durden on 05/05/2009 01:42 -0500Not surprisingly in today's (or more appropriately, insert x calendar period) increasingly odd trading action, the total advertised SPY volume was gobs (this is not a DeMarkian technical term) lower than Friday's. And oddest of all... Morgan Stanley is not anywhere in the top 12 advertised brokers. Has the accumulation/deleveraging passed? But oddness is the theme de jour.
The Mystery That Is SPY Advertised Volume
Submitted by Tyler Durden on 05/05/2009 01:42 -0500Not surprisingly in today's (or more appropriately, insert x calendar period) increasingly odd trading action, the total advertised SPY volume was gobs (this is not a DeMarkian technical term) lower than Friday's. And oddest of all... Morgan Stanley is not anywhere in the top 12 advertised brokers. Has the accumulation/deleveraging passed? But oddness is the theme de jour.
The Sun God And Other False Deities
Submitted by Tyler Durden on 05/05/2009 01:28 -0500I present some "theological" musings compliments of JP Morgan.
The Sun God
The Sun God And Other False Deities
Submitted by Tyler Durden on 05/05/2009 01:28 -0500I present some "theological" musings compliments of JP Morgan.
The Sun God
The Sun God And Other False Deities
Submitted by Tyler Durden on 05/05/2009 01:28 -0500I present some "theological" musings compliments of JP Morgan.
The Sun God
Daily Credit Market Summary: May 4 - Light Flows
Submitted by Tyler Durden on 05/05/2009 01:23 -0500Spreads were tighter in the US as all the indices improved amid light volumes. Indices generally outperformed intrinsics with skews mostly narrower as IG's skew decompressed as the index beat intrinsics, HVOL underperformed but narrowed the skew (as it saw some modest index arb among high beta names), ExHVOL outperformed pushing the skew wider, XO underperformed but compressed the skew, and HY outperformed but narrowed the skew.
