Category Archives: Light Sweet Crude Futures (CL)

Light Sweet Crude Oil Futures (CL)

Apple Pie – Bank Heist

bonnie and clydeI was wondering about insider trading today. Just a thought; a handful of people, Apple insiders, who are at this moment fully aware of what the market will do in 1 hr. Not just Apple. Lets say you’re in the know for the earnings which are due short(ly). Obviously you can’t trade Apple, but as a market moving stock could you just trade the index ahead of the announcement and be free-and-clear of any impropriety? A harmless quicky… I have no idea, but it’s a perfectly simple question. That question lead me to another market moving curiosity.

Did you see that ES flash crash after the fake AP tweet? I’m surprised it’s not bigger news. 260,000 ES contracts traded, $20 billion notational changed hands, and lots of traders got screwed as their stop losses got triggered. And that’s just the S&P futures market! Bonds, European Futures, Forex, VIX, Oil, everybody got hit for 3 minutes. Oh well… In those 3 minutes well over $1 trillion changed hands! Some serious commission…

Obviously most of those trades were algo driven, so maybe the weak link in High Frequency Trading (HFT)  isn’t the speed, or buggy trading programs (Knight…) after all, but the social media resources HFT uses to drive it’s algos. Just sayin, if you’re a bad guy, why try to hack an exchange, a fund, a market moving enterprise, or bank? Hack a Twitter account.

They might just find the culprit by looking at who really, I mean really, profited from that tweet. We just experienced a modern-day bank heist. Hello good guys? Maybe you should be googling B099i3 & C1yd3

Have fun into Apple’s earnings, I personally can’t wait till it’s over.

Pre-Market Indicators October 12th, 2012

Good Morning NY.

The CBOE Equity and Index put-call ratios are updated, here. The ratios are strikingly balanced, Equity at .65. It has been lower 39.69% of the time, and Index at 1.14 which only has been lower 29.54% of the time since June 2011.

The markets look green, and feel flat.

On tap: PPI, Core PPI, Michigan Sentiment, Treasury Budget.

  • EURUSD (1.2914) + 0.31%
  • Gold (GC)  + 0.41%
  • Oil (CL) + 1.00%
  • S&P (ES)  + 0.37%
  • CAC40 + 0.65% 
  • FTSE + 0.53%
  • Asia (NKD) + 0.47%
  • Copper (HG) + 0.73%
  • Silver (SI) + 0.48%
  • VIX: Close 16.29
Pre-Market Indicators - PMI111012

Pre-Market Indicators October 11th, 2012

Good Morning NY.

The CBOE Equity and Index put-call ratios are updated, here. The ratios are still interestingly divergent, Equity at .71. It has been lower 63.89% of the time, and Index at 1.02 which only has been lower 14.51% of the time since June 2011.

The markets look green, and feel green.

On tap: Initial Claims, Continuing Claims, Trade Balance, Export Prices ex-ag, Import Prices ex-oil and Crude Inventories.

  • EURUSD (1.2914) + 0.31%
  • Gold (GC)  + 0.41%
  • Oil (CL) + 1.00%
  • S&P (ES)  + 0.37%
  • CAC40 + 0.65% 
  • FTSE + 0.53%
  • Asia (NKD) + 0.47%
  • Copper (HG) + 0.73%
  • Silver (SI) + 0.48%
  • VIX: Close 16.29

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Pre-Market Indicators - PMI101012

Pre-Market Indicators October 10th, 2012

Good Morning NY.

The CBOE Equity and Index put-call ratios are updated, here. The ratios are interestingly divergent, Equity at .73. It has been lower 70.59% of the time, and Index at 1.07 which only has been lower 18.58% of the time since June 2011.

The markets look red, and feels weak.

On tap: MBA Mortgage Index, Wholesale Inventories, Treasury Budget and the Fed’s Beige Book.

  • EURUSD (1.2868) + 0.01%
  • Gold (GC)  – 0.19%
  • Oil (CL)  0.01%
  • S&P (ES)   0.02%
  • CAC40 – 0.07% 
  • FTSE  0.34%
  • Asia (NKD)  1.09%
  • Copper (HG) + 0.03%
  • Silver (SI) – 0.19%
  • VIX: Close 16.37

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Pre-Market Indicators - PMI091012

Pre-Market Indicators October 9th, 2012

Good Morning NY.

The CBOE Equity and Index put-call ratios are updated, here. The ratios are new-normal, Equity at .55. It has been lower 8.39% of the time, and Index at 1.28 which has been lower 44.72% of the time since June 2011.

The markets look flat, and feel flat to green, with earnings season kicking off and Angela in Greece.

On tap: nada

  • EURUSD (1.2951) – 0.13%
  • Gold (GC)  + 0.10%
  • Oil (CL) + 0.95%
  • S&P (ES)  + 0.17%
  • CAC40 + 0.28% 
  • FTSE  0.22%
  • Asia (NKD)  0.85%
  • Copper (HG) + 0.36%
  • Silver (SI) + 0.13%
  • VIX: Close 15.11

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Pre-Market Indicators - PMI081012

Pre Market Indicators October 8th, 2012

Good Monday Morning NY.

The CBOE Equity and Index put-call ratios are updated, here. The ratios are low-new-normal, Equity at .67. It has been lower 48.60% of the time, and Index at 1.03 which has been lower 14.95% of the time since June 2011.

The markets look red, and feel red with no headline movers on tap.

On tap: nada

  • EURUSD (1.2947)  0.67%
  • Gold (GC)   0.59%
  • Oil (CL)  1.57%
  • S&P (ES)  – 0.43%
  • CAC40 – 1.24% 
  • FTSE  0.56%
  • Asia (NKD)  1.18%
  • Copper (HG) – 1.68%
  • Silver (SI) – 1.95%
  • VIX: Close 14.33

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Pre-Market Indicators - PMI051012

Pre-Market Indicators October 5th, 2012

Good Friday Morning NY.

The CBOE Equity and Index put-call ratios are updated, here. The ratios are low-new-normal, Equity at .58. It has been lower 15.94% of the time, and Index at 1.12 which has been lower 26.25% of the time since June 2011.

The markets looks green, and feel flat, waiting the headline mover, Unemployment Rate.

On tap: Nonfarm Payrolls, Unemployment Rate, Hourly Earnings, Consumer Credit, Average Workweek

  • EURUSD (1.3012)  0.03%
  • Gold (GC)  – 0.13%
  • Oil (CL) – 0.96%
  • S&P (ES)  + 0.15%
  • CAC40 + 1.04% 
  • FTSE + 0.59%
  • Asia (NKD) + 0.34%
  • Copper (HG) – 0.07%
  • Silver (SI)  0.24%
  • VIX: Close 14.55

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