futures up?

Don't bet against the option writers pulling a miracle three days before Opex is what I always say.

Perhaps, although they may be overpowered by the fear factor. I have found I get a more accurate view of the futures and what the following market day might bring by looking at them after 3:00 a.m. eastern when the European markets are opening. Intel is a bellweather for the economy and I rather doubt in this case, seeing the aftermarket selloff, that tomorrow is going to be all that good but, as you say, there are three days of trading to go for the options writers. Although it was for a different reason, an August 16th like snap back isn't impossible.

They are just messing with Da_Cheif

Jan 16

8:30 AMCPIDec-0.3%0.2%0.8%-

Jan 16

8:30 AMCore CPIDec-0.2%0.2%0.3%-Jan 169:00 AMNet Foreign PurchasesNov-NANA$114.0B-

Jan 16

9:15 AMIndustrial ProductionDec--0.4%-0.2%0.3%-

Jan 16

9:15 AMCapacity UtilizationDec-81.1%81.2%81.5%



My sense of criminal stock operators is telling me that the 8:30 news will be better than expected. Then just as they get everybody long, the 9:15 numbers are going to come and take it right back down...

Edited by SemiBizz, 15 January 2008 - 10:00 PM.

Perhaps, although they may be overpowered by the fear factor. I have found I get a more accurate view of the futures and what the following market day might bring by looking at them after 3:00 a.m. eastern when the European markets are opening. Intel is a bellweather for the economy and I rather doubt in this case, seeing the aftermarket selloff, that tomorrow is going to be all that good but, as you say, there are three days of trading to go for the options writers. Although it was for a different reason, an August 16th like snap back isn't impossible.

Interesting how you should mention august 16th, the last fomc "emergency meeting" right before op expiration.
http://www.cnbc.com/...72289/for/cnbc...

Perhaps, although they may be overpowered by the fear factor. I have found I get a more accurate view of the futures and what the following market day might bring by looking at them after 3:00 a.m. eastern when the European markets are opening. Intel is a bellweather for the economy and I rather doubt in this case, seeing the aftermarket selloff, that tomorrow is going to be all that good but, as you say, there are three days of trading to go for the options writers. Although it was for a different reason, an August 16th like snap back isn't impossible.

Interesting how you should mention august 16th, the last fomc "emergency meeting" right before op expiration.
http://www.cnbc.com/...672289/for/cnbc...

The "different reason" I was referring to, of course, was intel vs. ibank CDO problems but, yes...it was right before OPEX so, as I said, you may be right. It may be time for Benny to push the button under the roulette table again. I'm thinking about not doing anything for the rest of the week.

Edited by milbank, 15 January 2008 - 10:43 PM.

The last time markets were ina funk in August, the Da Boyz were loaded up on QQQQs, IWMs and SPYs per SEC filings. And facing heat on the options they wrote. They needed their minions in the fed to come bail them out. This time around they have unloaded most of their holdings. Furthermore, they are the ones intitaing sell-offs on downgrades using the analysts's pen which is mightier than the sword. Remember how semiconductors were downgraded a week back. Or how about a certain investment bank's public call for a recession recently. Or the same investment bank's downgrade this week of their brethren financial stocks. Basically, Da Boyz have greenlighted the decline. No help for longs this time.