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Deja Vu Markets: Low Volume Ramp To Thursday's VWAP
Yet another listless day with no volume participation, as trading turgidity has set in and programs are back in control. Expect the market to taper off somewhere around Thursday's closing VWAP (red line) unless some real volume shows up which as the past 6 months have shown, is practically always to the downside.
Update: thru VWAP now. Right on schedule. Computers keep on humming.
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Thanks Tyler....that made my day.
A strenuous effort, but moved the dollar down, USO up, and XOM/CVX WAY up. That is BY FAR the easiest way to paint the indices all happy green. Oops, time to sell.
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Wow, yes - trading does look quite turgid lately. This is our 'hard'-earned tax dollars at work. They just keep pumping and pumping this thing up, 'til one day...'thar she blows!'
Interesting TIPS auction.
In what way? I mean, other than the Fed not being present (visible).
Good afternoon fellow Digital Dickweeds.
Just as the talking heads have all called for a down market, a correction, a plea for market sanity....GS pulls the rug out yet again, and we go up on fumes.
Market logic at its finest, I guess.
I don't know about a selloff today.
as for me, I expect to take on a very manly position of COF in a minute or 2. I did the same with AIG at 55.90 and I think I am going to make some "big coin".
zero liquidity today.
look @ GS.
dh, as long as taking size on COF, mine as well wave in some WFC.
absolutely on wfc. after all, buffett (as pristine as a flag draped midwestern apple pie) says it is a great bank. and, the cfo in q1 said fasb 157 had little to do with profits. yep, wfc is a downright steal at this level.
the extraordinary high volumes today are breathtaking and indicate to me that this is clearly a bull market.
on a related "it must be even worse than I think" note, the Obamas say they are looking into tax cuts. lions sleeping with lambs. wild hyenas nursing injured baby zebras back to health. it's all so good.
Would love to see how the markets behaved if it were tougher to move the market up(or down) on lighter day-to-day volume. Dow would probably still be around 8500 max.
if anybody is following BRCD's act....then trust me, there will be more CEOs coming out and saying that their company is up for sale. Then they turn around and use that opportunity to liquidate some or all of their personal holdings.
Someone will be FIRED at Goldman today. And that someone is the PUMPER who was responsible for the 1040 level.
Spot on close!
Intelligent investors and insiders are leaving the market in droves, leaving the dumb money and the program traders.
...and you know what happens next.
Never mind the fact that the USD got another beat down... lets blame it on computers
or crude ripping higher
Crude was down most of the day. Markets never were.
Well, you called it...
Why Thursday's VWAP and not another day?
How the hell can I chart this on Fidelity? Any saints want to help me stay solvent?
How'd you know it would close at Thursday's? Why not Wednesdays?
How do I chart VWAP in Fidelity?
Love the action on MOS AH. A big miss, stock up. Exactly as it should be. Note the revenue decline YoY. Mosaic Co. said late Monday that its fiscal first-quarter profit fell to $100.6 million, or 23 cents a share, from $1.18 billion, or $2.65 a share, in the year-ago period. Revenue fell to $1.46 billion from $4.32 billion last year. Analysts surveyed by FactSet Research estimated a quarterly profit of 35 cents a share on revenue of $1.52 billion.
Oh well, "analysts" expected rev of 1.52b instead it was 1.18. if that's not bullish I don't know what is.
...but sequentials look better on the potash side and sets up for a "coiled spring" into 2010 -- lol
$2.6b cash ($6/shr) and an m/a premium help
MOS had already been taken down by POT warning. Analysts can't be bothered with keeping up with such things as industry fundamentals. Case of sell the rumor, buy the news.
Doubtful that farmers have given up buying P and K permanently, or will no longer be buying from North America.