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Thursday, September 8, 2011

Cara Community

Cara Community


Tables & Charts for Wednesday, Sep 7th, 2011

Posted: 07 Sep 2011 09:02 PM PDT

Bill Cara's Blog for Sep 7, 2011

Posted: 07 Sep 2011 04:00 AM PDT

CTA Trading Desk Morning Report

[7:00am ET] Good morning.

Yesterday, I opined that the central bank Interventionists had signaled Game On. Right from the open in NY there was a piece of business that had to get done – taking the equity market down a tad to adjust for the Swiss National Bank currency devaluation, which took less than 90 minutes – and then the bids came in. The S&P 500 opened at 1174, dipped to 1140 and then closed robustly at 1165. This morning at the open that strength will persist.

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