Friday, July 30, 2010

January 9, 2010

Market Rap 08.JAN.10

Stock market futures initially sold off on the payroll and unemployment headlines this morning at 5:30 AM PST. They spent the day recovering, and ended up rallying to the highs of yesterday.

S&P 500 Futures - 15 Minute

S&P 500 Futures - 15 Minute

The Dollar sold off, squeezed the shorts, then fell to the lows of yesterday.

$USD Futures - 15 Minute

$USD Futures - 15 Minute

Gold rallied, pulled back to it’s logical limit, then rallied to near yesterday’s highs.

Spot Gold - 15 Minute

Spot Gold - 15 Minute

And the beat goes on.

More on this topic (What's this?)
3 Reasons You Should Buy Gold Right Now (Blogging the Commodity Bull Market, 7/27/10)
Jon Stewart Takes on the Unemployment Crisis (Red Hot Energy and Gold - Global..., 7/8/10)
Embrace the Sell-Off in Gold (Expected Returns, 7/27/10)
Read more on Gold, Unemployment (U.S.), Futures at Wikinvest

Categories: Forex, Market Rap, Precious Metals, S&P 500, currency, short selling, stocks

6 Comments »

  • HI Mr. V…any updated with HL…people are complaining that insiders have been selling shares thus thinking that the earnings numbers won’t be good. thoughts?

    thanks

    Comment by A — January 11, 2010 @ 8:36 pm

  • Do you trade less when the VIX is low? And more when the VIX is higher?

    Thanks,
    Ben

    Comment by Ben — January 13, 2010 @ 4:09 am
  • Mr. Volatility

    Waiting for the next move upward to the 9 area. The trend is your friend. Insider selling can be deceptive. The people that are complaining are not in communication with the insiders. The insiders may have a strategy more complex and opaque than can be seen by public filings of sales. The insiders are not traders. They may not know the power of the trend.

    Comment by Mr. Volatility — January 14, 2010 @ 9:25 pm

  • getting quitte roughed up today…Gold is getting beat and HL with it. I’m holding to your recommended 9 area…

    do you think gold will move up any time soon?

    Comment by A — January 21, 2010 @ 4:53 pm
  • Mr. Volatility

    Sovereign risk spreads widen as default risk escalates causing dollar strength and gold weakness. The trend is still higher, but depending on your entry the most important thing in trading is stopping out if a trade goes against you too much. Money Management - allocation of capital - is THE holy grail of trading.

    Comment by Mr. Volatility — January 21, 2010 @ 8:50 pm

  • Thanks MR. V…i forgot to set my stops. I got in at 6.42 for HL. the one thing i do best…set the stop and then it goes flying up.

    what is your view with Obama’s speech?

    Comment by A — January 21, 2010 @ 9:07 pm

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