Bill Cara’s Blog for Mar 16, 2012
CTA Trading Desk Morning Report
[7:00am ET] Good morning.
My granddaughter Caitlin Cara wishes everyone here a Happy St. Patrick’s Day.
Btw, her Dad’s best friend, the Best Man at Will & Fiona’s wedding, John Cowie, will be taking over the general managership of this website and all others I am involved in. John is an entrepreneur who has been very successful with AdlureMedia.com.
Have a good day. I will be back for the Week In Review. Hopefully we are all in the green this weekend.
Good morning, Geoff here.
Consumer Price Index was weak giving rise to traders thinking that there is room for the Fed to continue its current inflationary policy stance. Headline was 0.4% which was inline with expectations. Core was 0.2% which was lower than the expected rise of 0.3%. Many of these government numbers have become so “adjusted” that they are practically meaningless in the real world. However, the black boxes that trade off of them do not live in the real world. Trade what you see.
Industrial Production had 0.0% change in February. Consensus was 0.5%.
Consumer Confidence will be released later today and it will be interesting to see that data.
It looks like the S&P 500 has a decent chance of closing over 1400 today. This has got to be killing the bears who thought the world was going to end. We are long, but I feel for them nonetheless.
The bankers run Washington. The bankers run Europe.
There is no difference between Democrats and Republicans – I know many of you have picked a side and don’t want to hear that, but it is true. Simply follow the money.
Lies are everywhere and people are waking up and getting angry. Maybe the bankers are feeling it. Hopefully the resignation letter of Greg Smith is just the start of a positive change as guilt takes hold. I know that there is a long list of recent banker resignations – an unprecedented number of resignations. Maybe the winds are changing.
Have a great trading 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|
||19.28 (0.88%)||Components, Chart, More|
||11.49 (0.49%)||Components, Chart, More|
||8.85 (0.25%)||Components, Chart, More|
||15.22 (0.21%)||Components, Chart, More|
||0.95 (0.28%)||Components, Chart, More|
|^OSEAX||OSE All Share||490.94
||0.90 (0.18%)||Components, Chart, More|
||0.75 (0.21%)||Components, Chart, More|
||1.08 (0.02%)||Components, Chart, More|
||17.67 (0.30%)||Components, Chart, More|
||0.10 (0.01%)||Chart, More|
||5.54 (0.34%)||Chart, More|
|GD.AT||Athex Composite Share Price Index||751.50
||1.18 (0.16%)||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
Jeff Borsato’s Hidden Truth
The End of Illness
In his book by the same title, David answers a host of questions from folks about the perils of statin drugs, daily low-dose aspirin and the benefits of supplementation.
It’s informative and engaging, and I have the book on order. Looking forward to the read. Ultimately we are what we eat, think and say. Trading is a means, not the end: wealth, happiness and material goods are worthy goals but are only achievable if you are still around.
Have a great St. Patty’s day.