Bill Cara’s Blog for Jun 27, 2011 [See Post-Close report]
CTA Trading Desk Morning Report
[7:00am ET] Good morning.
Cautious trading seems to be in place in Europe this morning. An hour ago, there appeared to be some strength in the banks and miners, but that has softened a bit. For some reason, the song “Candle in the Wind” comes to mind.
Have a good day.
Here are the 7:00am ET snapshots of the latest equity market trading results for Europe, and futures prices plus 5-minute charts of the futures for S&P 500, 30-year US Treasury Bond, US Dollar index, Gold and Crude Oil.
|Symbol||Name||Last Trade||Change||Related Info|
||2.00 (0.08%)||Components, Chart, More|
||7.94 (0.32%)||Components, Chart, More|
||9.72 (0.26%)||Components, Chart, More|
||10.57 (0.15%)||Components, Chart, More|
||0.17 (0.05%)||Components, Chart, More|
|^OSEAX||OSE All Share||451.63
||0.95 (0.21%)||Components, Chart, More|
|^SMSI||Madrid General||N/A||0.00 (0.00%)||Chart, More|
||3.45 (1.03%)||Components, Chart, More|
||5.76 (0.10%)||Components, Chart, More|
||29.14 (0.51%)||Components, Chart, More|
The team will check in during the day, reporting in the Discourse when there is a new entry.
Enjoy your day.
Cara on Trends & Cycles
Vad’s Catch of the Day
Kaimu’s Sound Money
CTA Trading Desk Mid-Day Report
CTA Trading Desk Post-Close Report
Good evening. Patrick here.
When it is near the end of the quarter and portfolio managers are looking to goose the market higher you can be sure the A-Team – Amazon (AMZN+4.52%) and Apple (AAPL+1.74%) – will be front and center leading the charge.
The two stocks were sporting multi-point gains long before the broad market took flight (S&P+.92%); high-beta stocks going green stoke speculative juices, getting market participants ready to add risk early and often.
Traders are expecting the Greek austerity vote will pass and the 48-hour general strike in Greece will not degenerate into violent demonstrations against the government.
The S&P held the 200-day again but needs to vault above 1300 to give Bulls the upper hand. Each rally since the May 2 high has turned into a one-day wonder; we will have to see if the buyers can press their bets and run off a string of consecutive days to the upside.
Still waiting for a resolution, traders must exercise patience for a little while longer.
Have a great evening.