Racer said:."... but people are even more concerned about what's happening in the corporate credit market," said Gerald Lucas, chief Treasury and agency strategist at Banc of America Securities, told Reuters.
Volume was very light on both markets, lower than Friday by about 15% on the NYSE
frugi said:"We'd like to flush out a few more sellers so that we can soak up the remaining supply of B-rated corporate bonds as cheaply as possible, then I'll ask the PPT to engineer a nasty bear squeeze and be able to cash in on all those short-term calls we just bought in the financial sector near Dow 10100 ," said Gerald Lucas, rubbing his paws gleefully.
user said:RT would that suggest that todays rally wasn't that solid on the basis of volume?
I can see more upward action this week.
I remember seeing whatshisname on telly switching on the new system and it went all red behind him. LOLThe storm and the crash on c4 now
Racer said:NEW YORK (CNN/Money)
Concerns about losses in the hedge fund industry also persist, and along with the threat energy prices pose to sustained stock gains, could prop up Treasury prices.
"There are some fears about inflation but people are even more concerned about what's happening in the corporate credit market," said Gerald Lucas, chief Treasury and agency strategist at Banc of America Securities, told Reuters.
Capital inflows into the U.S. declined in March to the lowest level since October 2003.
The government said $45.7 billion of net inflows into U.S. securities was not enough on its own to cover the month's $55 billion trade deficit. Economists had anticipated a net inflow of between $60 billion and $85 billion.
Dear Roguetraderroguetrader said:For those that follow the daily volume, here's how we did.
orky said:Dear Roguetrader
probaly a basic question. Where do you get your volume data from?
orky said:Dear Roguetrader
probaly a basic question. Where do you get your volume data from?
I doubt that luck had anything to do with your correct analysis of the DJ, I would expect that you came to your view of where the market was heading by correctly spotting the various elements that you have learnt to recognise over time. So although I recognise your modesty, there is no doubt that if you remain focused and determined enough together with the right guidance periodically, there will be continued progress. That is providing of course that you choose your advisers very carefully so as not to stray too far from reality.JillyB said:Morning everyone,
My thoughts on today are (remember I'm new at this - so don't be too hard on me) that we will probably see an initial retesting of the 10200 mark, but I believe this will hold firm. It took the index quite a big of struggling to surpass this level and that should give it good support.
Volume yesterday was lighter than the previous 2 trading days at 18,568,600, indicating that it may not be the buyers pushing the index up, rather an absence of sellers from the room.
The RSI is still at a halfway point, though showing an upward trend and the MACD is crossing to go into positive territory.
After the initial dip to retest 10,200, it is my feeling that we could well see the 10,300 mark touched in trading today.
These are my thoughts anyway - besides getting it right yesterday was probably just beginners luck. :cheesy:
JillyB said:Morning everyone,
My thoughts on today are (remember I'm new at this - so don't be too hard on me) that we will probably see an initial retesting of the 10200 mark, but I believe this will hold firm. It took the index quite a big of struggling to surpass this level and that should give it good support.
Volume yesterday was lighter than the previous 2 trading days at 18,568,600, indicating that it may not be the buyers pushing the index up, rather an absence of sellers from the room.
The RSI is still at a halfway point, though showing an upward trend and the MACD is crossing to go into positive territory.
After the initial dip to retest 10,200, it is my feeling that we could well see the 10,300 mark touched in trading today.
These are my thoughts anyway - besides getting it right yesterday was probably just beginners luck. :cheesy: