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Paulo Santos
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I am a Portuguese independent trader, analyst and algorithmic trading expert, having worked for both sell side (brokerage) and buy side (fund management) institutions. I've been trading professionally for about 20 years and also launched www.thinkfn.com in 2004. Thinkfn (Think Finance) carries... More
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  • Today's Rally Seems Pre-Planned 7 comments
    Mar 25, 2013 9:51 AM | about stocks: SPY

    Here's why I say that today's rally seems like it was pre-planned on Friday:

    (click to enlarge)

    Weird, isn't it?

    Stocks: SPY
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Comments (7)
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  • Hypnos7
    , contributor
    Comments (137) | Send Message
     
    Poppity pop pop ...
    25 Mar 2013, 10:04 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (33042) | Send Message
     
    Author’s reply » Like I thought, it was fake.
    25 Mar 2013, 11:21 AM Reply Like
  • BlueVelvet
    , contributor
    Comments (41) | Send Message
     
    Paulo, what do you think of shorting European ETFs now that have spiked down? Is there more downside in coming days?
    25 Mar 2013, 12:41 PM Reply Like
  • Paulo Santos
    , contributor
    Comments (33042) | Send Message
     
    Author’s reply » There might be, but I don't like shorting weakness. As you can see in the chart above I did short ES at 1557.50 but I have covered already.
    25 Mar 2013, 12:48 PM Reply Like
  • User 24601
    , contributor
    Comments (65) | Send Message
     
    Sorry if this is a really basic question, but how does the pop in the price imply that the rally was pre-planned?
    25 Mar 2013, 05:32 PM Reply Like
  • Paulo Santos
    , contributor
    Comments (33042) | Send Message
     
    Author’s reply » A pop on no news and large volume going into the close, followed by a gap up on what was basically expected news (some kind of deal). Makes little sense.
    25 Mar 2013, 05:35 PM Reply Like
  • User 24601
    , contributor
    Comments (65) | Send Message
     
    Thanks.
    25 Mar 2013, 05:44 PM Reply Like
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