Are We Really Any Different

Not to sound dire or anything. I try/tend to be optimistic but some of the similarities (being a student of history) are uncanny.

 

Someone Is Watching You- A Funny Take On the NSA Debacle

S&P 500 Price/Volume Heat Map for 6/13 Trading Day

After an initial sell off, the S&P 500 rallied back strongly gaining 150 basis points over the prior day's close. That said, overall volume on the SPY (the S&P 500 Spider ETF and used a proxy for the overall market) was just 163.6 million versus 177.4 in the prior day's downdraft and 244 million shares on May 22, the start of the recent decline.

Turning to the heat map, the heat map reflected the overall price strength on the day.

6/13 Trading Day Edition of Volume Off the High

Just a few names with the market being strong yesterday.

6/13 Trading Day Edition Of High Volume High

Unsurprisingly, a number of the media companies gained with the announcement that the Warren Buffet-owned Gannet was acquiring. Surprisingly however was that Gannett's shares also increased significantly after the announcement. This suggests that the market sees value in the transaction. This is one to watch going forward.

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Reminiscences of a Stock Operator

Just a great book.....

Reminiscences of a Stock Operator Jesse Livermore by plato363

HFT and Early Release of Econmic Data

Fascinating stuff in regards to fair play and market micro-structures.



Although I cannot do this because of a myriad of limitations, I wonder if there if a straddle or strangle strategy would pay off for those who are not in the ultra-elite group.