Sharing the knowledge of “Financial Intelligence.” “Live, Learn, Apply & Educate!” DRAZDA
Description: www.tradethemarkets.com After filing for bankruptcy MF Global is dealing with missing client funds. For those of you with accounts at Infinity, you need not worry. Infinity does not hold money at MF Global but at Transact. MF Global was only for clearing. This is why when setting up a broker you want a non-clearing FCM because they hold the funds and can clear through anybody. A big pop today in the VIX. There is lots of uncertainty in the markets right now. The Bond market, which is up 3 points in the last few days, is ready to make new highs. If bonds go higher, it means bad things are down the road. No matter what gets said in the financial press, the bond market knows all. If bonds take out their highs, things could get ugly. For traders this is good. For other things like real estate, however, it demands further patience. I got stopped out on a couple trades in the S&P today. While the market is ideal for day trading, I am cautious about any overnight exposure. The Dollar appears to have set a hard bottom and is preparing to make new highs. In the S&P I anticipated a pattern where we would come down to 1270 or 1250, get one last push higher and then experience a multi-month decline into 2012. The question now is whether the current move is the beginning of the decline? It is too early to tell. Much of the action lately has been news driven. I think the crisis in Greece is priced into the market. The Greek economy is equivalent to that of Virginia. It is …
