I’m not going to throw a party or anything, but it appears volume has returned to the market. Two days in a row we’ve traded over 1.5 billion on the NYSE.
I was very hopeful at 3pm when the market was ripping and the financials were leading. When we decide to go higher again, the financials are going to have to lead. Also, the fact that USO climbed higher and was pinned to the highs was positive.
Unfortunately, we’re in a nasty bear market and rallies get absolutely no respect.
I hate late day reversals… always have a hard time trading them.
It was a mixed day in the RO. Out of 30 traders today 19 were gross positive or 63%. 7 traders made over $1,000 gross and 4 lost over $1,000. I gambled on a couple of MOCs at the close and lost… DNA, man. I was #23 of 30.
The good news is that we had a full on “spray” by Trader A. As you know, that means he picks tonight’s song. I will post it later. He led the Bosses to victory.
“Lucky Pierre” – Trader A, $26,632 on 297k shares traded.
2. Trader D, $11,496 on 307k shares traded.
3. Trader C, $7,422 on 147k shares traded.
4. Trader B, $6,861 on 524k shares traded.
5. Trader F, $5,850 on 198k shares traded.
“Chambermaid” – Trader Z, -$7,787 on 309k shares traded.
2. Trader R, -$6,903 on 22,000 shares traded.
3. Trader &, -$2,603 on 22,400 shares traded.
4. Trader J, -$1,356 on 13,800 shares traded.
5. Trader E, -$675 on 11,400 shares traded.
Stock Market Trend Analysis 2/25/09 from brian shannon on Vimeo.
Easy.
Hey DT, what is the RO?
mana,
Back when I first began blogging, I collected the P&Ls from other bloggers and called it the Virtual Office or VO. Then I joined an office about a year ago and started reporting those P&L numbers instead… so, RO stands for Real Office.
-DT