Lehman Plans EU1.1 Billion CLO to Cut Buyout Loans
"Lehman, Deutsche Bank AG and Credit Suisse Group have created CLOs, helping to cut the amount of unsold LBO loans to $91 billion from $230 billion in July"
U.S. Economy: Confidence Falls, House Prices Decline…
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How did you do on today’s Fed day? Days like this can remind us why volatile conditions can either be very rewarding or very draining for your account. Let’s see what happened and where the dust settled:
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will be available on Friday
Brian stresses the two keys to successful trading — discipline and finding a trading style that suits your style and personality. Without those two concepts, most traders fail. With that in mind, this book has several excellent technical analysis systems, but the chapter on Risk Management is really the key. All traders should find this book to be useful and rewarding….
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PETM, the freebie I gave out yesterday broke quite hard. It would be wise to move the initial protective stop to breakeven, making the trade a scratch at worst. MNST, the other freebie set-up, didn’t trigger. If you’re looking for sensible trading set-ups that offer decent risk/reward, subscribe today. If you’re looking for some sure-fire “system” that you can use to unthinkingly print money with, please DO NOT SUBSCRIBE.
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Note: I’m taking off for a long weekend. Look for the next post Monday morning.
Well the Fed decision turned out to be anticlimactic. After initially building on the day’s rally the market rolled over and ended right back in the range its been in for about a week. Volume picked up but I wouldn’t make too much out of that since the previous sessions had very low volume. So the market remains in limbo for now awaiting something to move it one way or the other. Perhaps Friday’s nonfarm payroll report will do the trick…
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The end of cutting interest may mark the beginning of the upturn in the stock market, this was one reality in the past and should be again. In the six months that followed the last cut of interest in the U.S., the stock market rose. These are the lessons of the past that should be considered; and in addition we will have election…
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Yesterday, the market started the day on a weak note. As the morning progressed, support was established and the market worked its way back. In the last hour of trading, nervousness ahead of the FOMC pushed the market lower by a small margin. In today’s chart, you can see that during the last two weeks, trading has been directionless. The small-bodied candles indicate that the net change from the open to the close is small. Throughout the trading day, there have been some nice intraday swings. Traders are waiting for something to sink their teeth into and they will get it …
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That was quick as markets sell off hard after the FED announcement- a delayed reaction as markets were initially trading higher.No idea - why but maybe a sell signal as the DJIA touched 13,000 and the SPX was back over 1400 for a moment or two. …
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is not as important as the subsequent action. The looked like they were breaking out above 140.00, but a good plan is prepared for ALL scenarios so if losses develop they are not allowed to grow into a serious problem 
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Collective sigh of relief now that the Fed uncertainty is behind us…..with limited commercials.Forgot to note today’s high profile earnings name, FSLR.Pretty muted reaction, continuing the recent trend of nothing cosmic. You had a decent range counting the pre-open when it was down 10. But that was really pre-open as they had a conference call at 8 AM so tough time even if you had ammo to really load up and roll the dice. Looks like another win if you closed your eyes and sold some strangles….
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Hey, while you’re waiting for the 2:15 PM non event, pretty interesting meta-moment in blogging last night on the Costas Now show Youtubed here by Awful Announcing.I’ve never watched before, but apparently they use the old Geraldo format. It was a live Townhall segment featuring in one corner, Will Leitch of D…
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Rectangle consolidation patterns can lead to amazing profits and are relatively easy to recognize on a chart. Let’s learn more about this chart pattern.
Eaton Corp (ETN) recently broke out of a rectangle consolidation pattern, which gives us an example of how we could trade such chart patterns.
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QQQQ Elliott Wave Charts===================30.4 -2008 End of month effect seems to work today and GDP gave boost stock indexes, FOMC still ahead.I spend some more time with QQQQ charts and added one new one to my yesterday´s post (below)….
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Trading will become volatile after 2:15pm
I find myself viewing SHANE’S SITE more often….
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What a delicious cliche for a title. But appropriate? I think so. The market has obviously been twiddling its collective thumbs in anticipation of the Fed decision. Although it is fairly likely the outcome will amount to 1/4 point, it’s the language and the atmosphere the market awaits. I’ve included a few breadth charts below of the S&P 500 components. They include the number of stocks above and below their 50-bar moving average on a fifteen minute chart, a great looking rally breadth chart the guys from Worden came up with for the Blocks Trader platform and an advance/decline ratio and an advance decline line. All illustrate the waning support for the rally. …
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Got some questions about the VIX? Bill at VIX and More gives us 10 Things Everyone Should Know About the VIX.Such as…
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* Have we put in a durable bottom in stocks? - I’ve been writing for a while about the drying up of stocks making new lows as we tested the January lows in March. Since that time, we’ve bounced nicely and are hugging that major resistance area around 1400 in the S&P 500 Index. I’ve also noted of late that the recent market strength has been accompanied by w…
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Markets are trading modestly higher with strength in the metals, ags and oils and weakness in the financials, retail, airlines and gaming sectors.Key stocks- 19/40 higher led by MON V PG GOOG MA NVDA AAPL and XOM while C KLAC GS WYNN MS UA AMZN are weak….
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Everybody is gearing up for Fed day. There will likely be volatility and an overreaction to the decision. Even if the Street gets what it wants, a positive price move will likely be short lived. As Rob at Quantifiable Edges points out, positive reactons to the fed tend to fade over the following two weeks.
Technicals also do not lend themselves to a sustained upside move. The market is…
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