Tuesday, November 24, 2009
Strong 5-Year Auction
The trading is getting slow we are working a 3 point range over the past 2 hours. There was a strong 5 Year Treasury auction and the market had a very small pop. I don't expect any fireworks for the next 3 hours. Fed minutes are coming out at 2:00 PM, but that's not likely to be anything spectacular. Today seems like a battle of the bots. Don't have a strong opinion on the rest of today's action. Just watching and waiting.
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4 comments:
ru still short
I covered a few hours ago, I plan on reshorting at higher levels.
Wow look at TAMB.
I bought that thing at 59 cents u know that.
Well anyways, I was thinking about doubling down on EDZ at this level.
I'm just really scared about this seasonality man.
I think I'll wait till after black friday to see how the retailers did.
After Black Friday I see a Black Monday. This market is teetering here and is setting to break lower at any moment. Most likely we'll break down next Monday.
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