Heavy Quant Action

Friday's oversold state was bought heavily on the home sales catalyst, but on this light volume I see many of my long positions being held back at various key intra-day moving averages -- a sure sign of Quant Players dominating the trade.  Although the market has faded a touch, we are still in the mid-day, there was likely natural first-attempt resistance at the prior highs, and internals remain strong on an absolute basis.  Gold bugs are also having their day in the sun.  It will be curious to see what that may be signaling vis-a-vis the short-term Treasury auctions lining up just now.

Read more: http://marketrewind.blogspot.com/#ixzz0XhqafnPq

 |  |

Post new comment

Your name: *

E-mail: *

The content of this field is kept private and will not be shown publicly.

Homepage:

Subject:

Comment: *

• Lines and paragraphs break automatically.

More information about formatting options

Captcha Validation: *

Please type in the letters/numbers that are shown in the image above.