Carl Christie has traded equities for close to half a century. Thirty-seven of those years were spent on the Toronto Stock Exchange trading floor as a market maker and professional trader. As the Chairman of the Professional Traders Association from it’s inception in 1987 until the TSX trading floor closure in 1997, he represented the trading floor by sitting on numerous TSX standing committees and trading rules committees. Since 1997 Mr. Christie has consulted with publicly traded companies in both an Investor Relations capacity and as a stock trading analyst.
VIX: CBOE Market Volatility Index
The VIX is often called the “fear index,” but past performances indicate that those fears seem a bit overblown when looking at the returns after a VIX spike. As we are now coming off a week of extremely high volatility, frenetic market activity and a big VIX spike, a look at past VIX performance [...]
Mayday – Mayday – Mayday:
Mayday is an emergency code word used internationally as a distress signal in voice procedure radio communications. It derives from the French venez m’aider, meaning “come (and) help me”. It is used to signal a life-threatening emergency by many groups, such as police forces, pilots, firefighters, and transportation organizations.
Last Friday saw the end one of [...]
MORE MAD-WEEK COMMENTARY:
If you have ever heard someone state that the stock market takes the “Stairs Up, and the Elevator Down”, well it was clearly and dramatically demonstrated this past week when the 14 month upward trajectory of the major indices was abruptly terminated. More like stepping off the edge of a cliff.
The newspapers and business TV [...]
DOW; S&P 500: NASDAQ; RUSSEL2000:
You can describe last week’s trading activity as bizarre, frenetic, astonishing, shocking, disturbing or simply “what the f*#k” was that. They are all apt and perfectly correct descriptions. The markets dropped in epic fashion as the Dow Jones retreated almost 1000 points intraday on Thursday. What started off as weakness generally attributed to concern [...]
This Week’s ECONOMIC CALENDAR: May 10, 2010
Monday
* No economic reports.
* Earnings season continues, with
* Dean Foods Co. (DF),
* DISH Network Corp. (DISH),
* Energy Conversion Devices Inc. (ENER),
* ReneSola Limited (SOL),
* Tyson Foods Inc. [...]
WILD WEEK ENDS:
Yesterday, I stated that this was the week of the bear and went on to predict: “For short term traders I would suggest looking for huge oversold securities in the first couple of hours of trading and expect a bounce off bottoms late in the session to close out the week.” As much [...]
Thursday’s THRASHING:
Thursday, May 6, 2010 saw the DJIA experience a record plunge that scared the crap out of everyone who follows the market. The question remains: how could such a remarkable day of 1000 point swings occur in what we believe are state-of-the-art trading systems?
The CEO of NYSE Euronext Group, Duncan Niederauer said that everything [...]
