25/06/2009 Uptrend on GDP revision

Posted on Thursday the 25th of June 2009 at 23:55 by LtPinback
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From the beginning of the trading day the market experienced a strong uptrend that held for the rest of the day. Volume was below average.
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GDP was revised upwards and initial claims rose for a second straight week. GDP data prevailed and thus the rally.

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20/05/2009 The beginning of the meltdown?

Posted on Wednesday the 20th of May 2009 at 23:24 by LtPinback

The market opened at yesterday’s high and tried to rally for about an hour. After the first hour of trading a meltdown sell-off started that found some support at the Pivot Point but that ultimately failed and ended just above the 900 support. Volume was a bit above average
The Federal Reserve’s GDP and economic outlook [...]

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29/04/2009 GDP ignored. Shall we trust efficient-market hypothesis?

Posted on Thursday the 30th of April 2009 at 0:24 by LtPinback
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General move today was very similar to yesterday’s but around 10 point higher and without so much choppiness. A new high since mid January was printed at 882.06 but the close was at 873.64. Volume was average
Q1 GDP was worst than expected but the market data-mined a need to rebuild inventories out of the data [...]

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The 825 Battle

Posted on Thursday the 26th of March 2009 at 23:50 by LtPinback

A very slow and choppy trading day. The starting gap up was closed to yesterdays’ close and then the price battle moved to the 825 battlefield. Every tick or move down was answered with an equal tick or move up and viceversa. Financials were expecially contested with a narrow channel for most of the day [...]

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Choppy market

Posted on Friday the 27th of February 2009 at 23:22 by LtPinback

The market started making new lows (S&P 500 734.52) from those of November (S&P 500 741.02). The rest of the day was choppy and ended with the S&P 500 closing at a 12 year low. Volume was high.
Surprisingly the S&P 500 printed a 12 year low but no crash occurred. Also fear indicators while high [...]

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