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Holding Over The Weak End


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1,000 and 2,000 lot blocks being traded in the ES - have not seen that on a close in a while. Don't think I have ever seen a 2,000 block and there have been several so far....

 

Sunday night should be interesting. See no reason to hold over the weekend.

 

 

could you explain a little bit what do you mean? huge block volumes on ES measn for you pump up or what?

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This must be groundhog day. The RE info babe on CNBS has discovered that the USDA is making nothing down loans to home buyers. Only 16 bil in the last two years, that is walking around money these days to the Fed.

Also with the homebuyer tax gift, they will have $8500 burning a hole in their jeans. UFB. <_<

PS, I think Doc mentioned that the FED was buying USDA paper a couple of months ago.

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could you explain a little bit what do you mean? huge block volumes on ES measn for you pump up or what?

 

 

Impossible to tell directionally what is going on - just large volume blocks being traded. Will have to wait for Sunday night and watch the price action and if 1090 acts as resistance or support.

 

On a different note here is an interesting animated chart of the Unemployment rate by county 2007 - present.

Unemployment by County 2007 - Present

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