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At the risk of shocking a reader or two, I’ve got to say, the behavior of the better-known IPOs is pretty impressive. I don’t touch this stuff, particularly on the short side, because there’s no rational basis for doing so, but these are definitely not acting like financial instruments that were dumped on the unsuspecting public only to plunge afterward. They’ve been holding up – – or thriving – – quite admirably so far.
Before I begin, I wanted to mention at the outset that we’re planning on taking the site down tonight for 20 minutes (hopefully!) as an important step in speeding up everything. The speed improvement won’t be done for about another week or so, but at 1:00 a.m. EST we’re going to be shutting things down, so please know this is planned. Now, on with the post…….
When I started the trading day on Monday morning, I was puzzled and startled by a rather large loss, because the ES and NQ were only up a little bit. It only took a moment or two for my eyes to land on the culprit:
(more…)Something new, Slopers! We’ve taken our unique Market Meter tool and multiplied it by four to give you a completely unique perspective as to what the market is doing. Check it out here.
I’ve mentioned XME many a time as an appealing long-term short position, given its cyclic history. I wanted to provide a different perspective on this by stripping out both the price data and my drawn objects. Below are the trio of exponential moving averages (50/100/200). I hope this helps amplify my case, but judge for yourself!
