Apr

16

Hayden would have laughed. That after hours Intel pop was like a surprise symphony after everyone was lulled to sleep by recent slow markets. To follow Vic's metaphor, its like the country dancer, letting his gal out for a quick spin after the song is over. There is also the floor clearing function with a violent spin, it clears the floor of other dancers making room for more movement on the next song. Maybe the market is getting like the clubs, its getting to the point where the song never really stops but just keeps morphing in a steady stream of never ending music into the late after hours as various foreign players step on to the dance floor till dawn.


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2 Comments so far

  1. George Parkanyi on April 16, 2008 5:07 pm

    Guys, it's just a trendless, tedious, market. Not a lot more complicated than that. Sooner or later its going to break upwards, or downwards. What are we trying to read into it here? Dancing? it's more like a hangover, and trying to get through the rest of the day with a headache (at least for the longs). The pain/fatigue/boredom is annoying at the moment, but when something happens that is a call to action, you just do what ya gotta do. (If you have a plan, all the better.) Cheers, George

  2. Marco Loureiro on April 16, 2008 9:34 pm

    It is important to look under the market surface in order to determine the forces of supply and demand. There is a different story taking place in transportation stocks particularly trucking and rail. Also the Transports broke above the round 5000 level in today’s session. One can also note signs of strengthening in the Utilities index as it closed above its best levels since early February with positive upside price momentum in today’s session. Also one should note the push lower in the VIX to close at its lowest levels since late December 07 and the move lower in bonds. The structure of the market is slowly changing with many opportunities ahead…

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