Global Economic Intersection
Advertisement
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
Global Economic Intersection
No Result
View All Result

DaBoyz Are In Control Of A Lackluster Market Going Nowhere

admin by admin
April 5, 2012
in Uncategorized
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Noon trading saw the markets rise from a lower opening to rising to yesterday’s sessions close and now the markets are sea-sawing on low volume. DaBoyz and the HFT’s must be really raking in the dough in their quest of moving the markets up and down as they wish. This is what happens when you have low volume.

The smaller lot selling and buying of the cash crowd can work these markets but the profits are meager and the risk outweighs the rewards, so be careful if you are in this flock of folks or you will get flocked. It is true that you have a 50% chance of getting it right, but greed gets in the way and statistics show small lot traders get it wrong most of the time.

The DOW is currently at 13073, the 500 is at 1399, SSO is at 57.70 and SPY is at 140. Gold moved back to its morning lows of 1628 and the oils moved up a point. I expect a quiet session to continue throughout the afternoon with a possible decline towards the close. Tomorrow is closed and the bonds close at noon.

@SA

“European shares close mixed, but well off the lows following 2 days of big losses. Stoxx 50 -0.4%, Germany -0.2%, France +0.1%, Italy -0.2%, Spain -0.1%, U.K. +0.4%. Euro -0.6% vs. the dollar, but the big story was the common currency’s momentary breach of the SNB’s CHF 1.20 floor. “

@zerohedge:

Today’s initial claims number printed at 357K, on expectations of 355K, a number which next week will be revised higher once again, likely to 362K. The game here is simple – just show a decline in claims, as what happened to last week’s number, also revised higher, this time from 359K to 363K, just so it can show a 6K decline and allow the idiot media to blow such headline as “Weekly US unemployment benefit applications fall to 357,000, lowest in 4 years” from AP and “Jobless Claims in U.S. Decrease to Lowest Level in Four Years” from Bloomberg. In reality, this is the third consecutive miss of consensus in a row.

“All of this would be great… if only the March 15th original number of 351,000 wasn’t lower than the April 5th pre-revision number of 357,000, and which next week will be revised to 361,000!

In the meantime, everyone gets that warm and fuzzy feel: after all Bloomberg itself, which prepared the above reports, just told us its consumer comfort index just soared from -34.7 to -31.4, the highest since 2008. And nobody would ever think of manipulating public opinion now would they?

“Truth in government statistics decreases to lowest level in 4 years.” “

 

Other news from the @telegraph: .

 

“Spanish government borrowing costs are in the spotlight again – bond yields are climbing again today, and the spread between Spain’s borrowing costs and Germany’s – used as a measure of how risky investors consider the debt to be – rose to its widest level since the end of November.

Yields on Spanish and Italian debt have come down in recent months, after the ECB turned on the liquidity taps and offered cheap three-year loans to eurozone banks, creating a market for the bonds again and pushing down borrowing costs to more affordable levels.

The yield on Spanish 10-year bonds was 12 basis points higher at 5.84pc today, after rising around 30 basis points yesterday. The yield differential over Bunds, at 411 basis points, was its widest since late November.

Spain suffered a blow yesterday when the rate it had to pay to borrow went up at an auction of government bonds. That has unsettled the market further.”

 

 

Markets opened down making it the third day in a row.

The DOW opened at 13067 and is currently at 13046and the 500 opened at 1398 and is at 1396. Gold opened higher at 1361, SLV trending up 30.81 and GLD doing the same at 158.41. WTI oil has moved little in the 101 range as has Brent at 121. The small caps ($RUT) opened lower but has since regained some of the mornings losses. But still remains below yesterday’s close at 834 now at 817. Watch the small caps for the lead.

The EUR/USD pair has fallen to 1.3034 while the USD has risen to 80.28 and still may get to 85 before winter rolls around. SSO opened at 57.14 down from 57.42 and is currently at 57.50. The early morning trend is up on low to moderate volume with the ‘dippers’ buying the dip on falling volume. Mr. Market will surly have a few surprises I am sure as DaBoyz do their thing.

@SA

“Stocks are poised to extend yesterday’s losses as rising Spanish and Italian bond yields again weigh on sentiment and overshadow more positive jobs data (I, II), with S&P benchmark futures -0.3%. Polycom tanking 20.2% following a profit warning, although Bed Bath & Beyond is +4.7% after Q4 earnings. “

Leavitt this morning gives out probably the best take on the market today. He is reading the tea-leaves from available charts, which I believe have been severely skewed through manipulation of the low volume markets and should be viewed with skepticism and caution.

@leavitt:

“The week began with the long term trend being up and the short term trend being neutral (the indexes were in consolidation mode). First the top of the range was tested, then the bottom, and in my opinion, the long term trend is still up and the short term trend is still neutral.

But as of now, today’s open will be below yesterday’s low, so the market is in danger of losing its range and officially being considering in a short term downtrend. Play good defense. Don’t be a hero out there. We’ve had a really good run the last few months…lots of good set ups. But the market doesn’t move uninterrupted in one direction. Maybe it has topped and a full-blown correction is underway. Or maybe it’ll just pull back a little to allow the charts to reset. (Oh and if you’re wondering about the tendency to move in a certain way before Good Friday, don’t. The indexes have been all over the map the last couple years.)”

Financial reporting this morning has the new claims for unemployment benefits fell to 357,000 last week — the lowest level since April 2008 — from an upwardly-revised 363,000. Claims were expected to fall to 355,000 from an initially reported 359,000.

Translated, that means 120 more people found jobs in each state than last month. On the USD Continuing Claims (MAR 24) it was lower by 10,000 meaning 200 folks gave up looking for a job in each state. These numbers will be revised later as they have been for months, so don’t be like most people and put a lot of faith in what the government feeds you in the form of data.

This could be the first step of a market correction be on your toes.

 

To contact me with suggestions or deserved praise:

[email protected]

Written by Gary

Previous Post

Will PBS Present the Investigation that Never Was?

Next Post

Gold – This Is Not A Good Day To Jump Back In

Related Posts

What Are BRC-30 Tokens?
Econ Intersect News

What Are BRC-30 Tokens?

by John Wanguba
June 2, 2023
XRP Explosive Boom Results In Record-Breaking Address Activity
Economics

XRP’s Explosive Boom Results In Record-Breaking Address Activity

by John Wanguba
June 1, 2023
What To Consider When Evaluating Low-Code And No-Code Platforms
Business

What To Consider When Evaluating Low-Code And No-Code Platforms

by John Wanguba
June 1, 2023
Crypto Bear Phase Gone, ‘Explosive’ Bull Market Imminent – Veteran Investor
Economics

Crypto Bear Phase Gone, ‘Explosive’ Bull Market Imminent – Veteran Investor

by John Wanguba
June 1, 2023
Only 2 Exchanges Registered In Hong Kong As Crypto Ban Is Removed
Economics

Only 2 Exchanges Registered In Hong Kong As Crypto Ban Is Removed

by John Wanguba
May 31, 2023
Next Post

Gold - This Is Not A Good Day To Jump Back In

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin adoption Bitcoin market blockchain BTC business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • August 2010
  • August 2009

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized
Global Economic Intersection

After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Recent Posts

  • What Are BRC-30 Tokens?
  • XRP’s Explosive Boom Results In Record-Breaking Address Activity
  • What To Consider When Evaluating Low-Code And No-Code Platforms

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

No Result
View All Result
  • Home
  • Contact Us
  • Bitcoin Robot
    • Bitcoin Profit
    • Bitcoin Code
    • Quantum AI
    • eKrona Cryptocurrency
    • Bitcoin Up
    • Bitcoin Prime
    • Yuan Pay Group
    • Immediate Profit
    • BitIQ
    • Bitcoin Loophole
    • Crypto Boom
    • Bitcoin Era
    • Bitcoin Treasure
    • Bitcoin Lucro
    • Bitcoin System
    • Oil Profit
    • The News Spy
    • British Bitcoin Profit
    • Bitcoin Trader
  • Bitcoin Reddit

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

en English
ar Arabicbg Bulgarianda Danishnl Dutchen Englishfi Finnishfr Frenchde Germanel Greekit Italianja Japaneselv Latvianno Norwegianpl Polishpt Portuguesero Romanianes Spanishsv Swedish