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UrmaBlume

Daily 10/16

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Today's Market Report - ES - 10/16/2009

Archive of Daily Market Reorts

Most recent update is on top.

Please Scroll Down to See Today's Entire Report

**

Follow Updates to this Report on Twitter

and on StockTwits.com

***

Today's Numbers

0900 EST Net Long-Term TIC Flows

0915 Capacity Utilization, Industrial Production

0955 Mich Sentiment-Preliminary

TGIF

************

At just before 0100 PST at 1,095 there was strong commercial selling

At an hour and a half before the open price is making new lows on

162% of normal volume with a very strong sell bias and

Net New Commercial Trade so far this session of -12,425 contracts

 

101609rpt1.jpg

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At 2 hours before the close on an Options Expiration Friday

price remains in a narrow range with trading on slightly above

average volume and a Sell Bias. Possible action in the last hour today.

 

101609rpt2.jpg

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Day Summary

Today's price action never recovered from the strong overnight selling.

Trade was on slightly less than average volume with a notable sell bias.

Net New Trade by Commercials was -44,975 contracts.

The caveat to the recent positive price action is the continuing negative divergence

between price and net money flow as shown in the chart below.

Bon Weekend

 

101609rpt3.jpg

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LOL, No we just added it last year.

 

cheers

 

I recall a few limit down opens. Watching the DOM go empty as stops were blown right through and the T&S eating up all the small fish, then the medium fish. Many folks checked out (for good) on those days...

 

Very surreal.

Edited by ehorn

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