Virtual Office, $2570. Dow, +108.44, 12,378.61.
Evolution, $1005 on 60,500 shares traded.
Me, $652 on 24,200 shares traded.
OBAT, $523 on 15,400 shares traded.
Dehtrader, $402 on 6900 shares traded.
Akalawoo, no trades.
Retardo, no trades.
Misstrade, no trades.
Denarii, -$12 on 2200 shares traded.
It was definitely slower today. However, I want to send a special message to Melissa Lee.
She's sitting in for Maria, so I assume she feels the need to be annoying. I won't even start on her voice...
Anyway, between 3 and 4 she said on 3 separate occasions that "volume was really, really light." No.... we traded over 2 billion shares today... that is not anywhere close to light. Where was she for the last 4 months when we were trading 1.3 and 1.4 billion shares a day regularly?
Seriously... CNBC needs to find informed anchors. It shouldn't matter if they're fat and ugly. They just need to know about the market. Otherwise, the channel is useless. Let FOX have the sexy stupid anchors... CNBC has the opportunity to corner the market on "smart" financial TV.
Okay, enough of that.
So we traded almost 2.2 billion shares on the NYSE but the VIX headed downwards. It felt really choppy out there despite the volume. After the first hour of trading the futures were ruthless mostly chopping around in a 10 point range.
Check the links below. I find this new "rogue trader" theory very interesting. Should it be true, then as "the Fly" pointed out there is absolutely no reason to cut rates again next Wednesday. A non-cut could make the market interesting again...
Greenspan Disputes US Recession Signs
The Rogue Trader Theory (h/t Ducati)
2 comments:
I think the volume figures you're pulling are from Arca alone. I saw a similar figure from another site.
I don't think so... listen, tomorrow when I'm on esignal, I'll do a little research and figure this out exactly, so we know what's up.
I'm pretty sure that I'm reporting the NYSE volume only. When I started trading, it was in the low billions. It makes sense that 9 years later it would be where it is as opposed to 4 or 5 billion.
I know since the Hybrid that lots of volume left the NYSE to go to ecns, specifically Arca... perhaps the 4 billion is Arca and the other ecns that trade through the NYSE.
Either way, I'll figure it out tomorrow and let you know.
-DT
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