Could anybody offer a rational explanation for Mondays' being
the strongest day of the trading week for the past 5 months? The
closest I could offer is that Asian markets are leading the advance
(and now the decline), hence their pace is repeated on the US
markets.
Given the sudden change in attitude of the Obama economic team,
the possibilty that the trading arms of the PPT (GS & MS) might
be pissed at this change and stop helping, the apparent rise in
importance of Volcker vs Geithner, and the increasing opposition to
confirming Bernanke:
Do you expect this alleged Fed/PPT buying of futures and market
propping will continue?
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A natural explanation for strong Mondays, anyone?
Posted by junkie on 22nd of Jan 2010 at 11:36 am
Could anybody offer a rational explanation for Mondays' being the strongest day of the trading week for the past 5 months? The closest I could offer is that Asian markets are leading the advance (and now the decline), hence their pace is repeated on the US markets.
See Biederman on the trimtabs
Posted by brophy on 22nd of Jan 2010 at 12:05 pm
See Biederman on the trimtabs video Matt posted here and had been on the web...
A natural explanation for strong Mondays, anyone?
Posted by whistlebear on 22nd of Jan 2010 at 11:52 am
It always hapens on Monday - the PPT is goosing the markets starting in the East, with the US index futures.
yes, the FED buys the
Posted by matt on 22nd of Jan 2010 at 11:38 am
yes, the FED buys the futures on Sunday night to prop the market up.
FED/PPT Buying Futures
Posted by sethbru on 22nd of Jan 2010 at 12:46 pm
Given the sudden change in attitude of the Obama economic team, the possibilty that the trading arms of the PPT (GS & MS) might be pissed at this change and stop helping, the apparent rise in importance of Volcker vs Geithner, and the increasing opposition to confirming Bernanke:
Do you expect this alleged Fed/PPT buying of futures and market propping will continue?