25
May
Market Sentiment Watch: Are we there yet? Is it the long weekend yet? Yesterday had to rank right up there with the most boring market days of 2010. Today promises to be much more volatile as futures fall out of bed and I’m seeing three words repeated more often than any other these days: [...]
Posted in Uncategorized | 120 Comments »
24
May
Market Sentiment Watch: "Sell in May and Go Away" has never been more true than it has this year, at least so far. I ended expiry with an inordinate of scuds having been caught somewhat flat footed by the market’s aggressive retreat. This week appears to be opening a little more calmly. In energy [...]
Posted in Uncategorized | 114 Comments »
23
May
1) Ouch. 2) Bigger Than Normal Changes in Shorts and Longs for Crude and Natural Gas. CFTC numbers indicate fear in the crude market with one of the biggest shifts in the net position in the last year.
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21
May
Market Sentiment Watch: Ugly. Bulls are hibernating. I included a set of graphs in the Stuff section detailing the carnage by various group since the late April market peak. Uglier. In D.C., the Senate passed the "Financial Reform" bill last night although many of the key points of the bill are still in flux [...]
Posted in Uncategorized | 141 Comments »
20
May
Market Sentiment Watch: Last night futures were up. This morning they are plunging yet again as Greek strikes and protests take center stage (because if your economy is in shambles it makes sense to walk off the job and go scare away the tourists) and the potential for more EU moves over the [...]
Posted in Uncategorized | 175 Comments »