Today's Economic Data Docket - ISM And UMichigan Confidence

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Fri, 07/01/2011 - 07:48 | 1418164 HITMAN56
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anyone see VXX trading out there? Usually at least some vol at this point in the morning.

Fri, 07/01/2011 - 07:55 | 1418182 Greeny
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More likely we'll gonna have flat day even with better data there should be some profit taking before long weekend. I don't think VXX (VIX) is the play here.. Flat and quiet. Man, Silver tanking. Fraudsters!

Fri, 07/01/2011 - 08:02 | 1418194 HITMAN56
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nice comments, on Silver and VIX...thanks Green. I'm short silver for a bit now, but thinking of taking it off soon.

Fri, 07/01/2011 - 08:06 | 1418201 Greeny
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Yeah, thanks, there is last support around $33.60 + -

If broken then it might go straight for 200 MA at 32,

but my bet is not today. For today we might test


support and that be it.. Let's watch ;)

Fri, 07/01/2011 - 09:25 | 1418420 slaughterer
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VXX is broken.  My advice: do not trade it, and do not at all option it. 


No more POMO, no more QE2.  Let us see what the market does without its "training wheels."

Fri, 07/01/2011 - 07:55 | 1418176 Greeny
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Forces pushing Silver to 200 MA on Daily, about $2/oz to go.

Will play bull puts spread below 200 MA for hard rebound

ones it touches it. Dollar down, Silver down, Gold down, amazing.

Fri, 07/01/2011 - 09:25 | 1418411 SheepDog-One
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Blah blah blah

Fri, 07/01/2011 - 07:55 | 1418183 pepperspray
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So I have to wait another week to see 9.1 go higher?

Fri, 07/01/2011 - 08:06 | 1418195 Silverhog
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Market could care less about the numbers anymore. Heading to my coin shop today to BTFD.

Fri, 07/01/2011 - 08:44 | 1418265 monopoly
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Numbers do not mean a lot in a broken market. But tough to short. If I see 1,460 on gold this month will make a call to add physical.

Fri, 07/01/2011 - 09:42 | 1418483 r3volver
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The early regional manufacturing surveys were weak, yes, but the recent data has actually been pretty strong.  Particularly the Chicago PMI.  I'm actually looking for a modest beat in the ISM, though I had been hoping for a good opportunity to short a big miss on the first day non-POMO day.  Be careful with that one.

Fri, 07/01/2011 - 20:36 | 1420580 taca
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