Monday, April 28, 2008

Virtual Office, $1766. SPY, +.01, 139.61.

Sanglucci, $1601 on 46,200 shares traded.
Me, $245 on 6400 shares traded.
Timmay, $135 on 1000 shares traded.
Denarii, $104 on 400 shares traded.
Retardo, no trades.
Dehtrader, vacation.
Ainkurn, -$120 on 500 shares traded.
OBAT, -$199 on 7000 shares traded.

Well, it was another low volume chopfest in the major indexes today. Today, it took until 3:50 to trade 1 billion shares on the NYSE... that's like a bad volume day back when I first began trading, in 1999...

At this pace, in mid August, we'll be trading 750 million shares a day on the NYSE. And NYX should be trading in the mid 40s... time will tell.

Anyway, after the close and into tomorrow morning there are a number of interesting companies reporting earnings, including V, MA, X, VLO and AG. Hopefully, this will give the market some "juice," however, I doubt it will. The big day (which too, I expect to be anticlimactic) will be Wednesday, when the FED, in all its bearded wisdom, releases its most recent policy statement.

Until then, I expect traders to keep their heads low. Be careful out there...

Oh, and someone is posting on Evolution's blog, although it doesn't seem to be him... the plot thickens.

1 comment:

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