Today's volume

Discussion in 'Trading' started by rickf, Aug 15, 2011.

  1. rickf

    rickf

    It's 1405 ET and only 1.3M /ES have moved thus far today. Compared to seeing that many move in the premarked in recent weeks, I wonder if the markets are even open today. :)

    Just an observation to fill the time today.
     
  2. this week is options expiration so slow grind higher is almost guaranteed. We might be 5-8%+ by Friday

    but now we know for sure all those low volume rallies are bull trap
    they can continue for a very long and then we have 20% down in 2 weeks

    you just need to be patient

    this part will be shorter. Jackson hole is in less than 2 weeks and market has to beg for QE3 once again. So the next week will be volatile again. Till then go long or hibernate
     
  3. rickf

    rickf

    Oh I am patient -- not actually trading this week anyway.

    With expiration, part of me wonders if we'll see a rocket to the upside so folks can exit their positions at their expected targets before the recent 2 weeks' volatility kicked in.
     
  4. Maverick74

    Maverick74

    Did you know that Europe was closed today? Did it also occur to you that that the market is waiting on what happens tomorrow with the emergency meeting between Merkel and Sarkozy? Just a thought for ya.
     
  5. rickf

    rickf

    No, I did not see Europe closed. I'm not trading this week and as such don't have all my stuff loaded or am checking all the news I normally do.

    That would explain much, though.
     
  6. =================

    Maybe right Maverick;

    I thought buy volume was so weak it was bad data:D ,
    or simply so far below 200dma the SPY,DIA QQQ buyers were boycotting &instead , buying gold ,GLD some. Not a prediction.:D
     
  7. Assumption Day
     
  8. luisHK

    luisHK

    Stock markets opened in most of europe anyway, at least in France Germany and UK.