Seeking Alpha

Hedge Fund Live's  Instablog

Hedge Fund Live
Send Message
Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC... More
My company:
Hedge Fund LIVE
My blog:
Hedge Fund Live
  • Weak Volume This Morning May Make For A Quiet Friday 0 comments
    Dec 10, 2010 1:00 PM
    Morning Notes
    -Overseas markets are mixed- note: on low volume
    -Shanghai Comp was strong, closing up slightly over 1%
    -Strength in China attributed to better than expected Trade Balance number
    -PBOC tightened its monetary policy as speculated by raising bank reserve requirement by 50bps, which was announced after their mkt close- no real reaction in overseas mkts though
    -S&P futures were up in the pre market
    -October Trade Balance: -$38.7B vs. -$44.5B; prior revised down to -$44.6B from -$44.0B
    -Futures have pulled in since trade balance data release, pulling back below R3 pivot level
    -Meanwhile, dollar bounces a bit
    -S&P futures open on the R3 sell pivot signal
    -U.Mich Prelim: 74.2 vs. 72.5
    -Futures pull back following data release
    -Now futures are up 1.5 from FV
    -Treasury budget at 2p ET today

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Back To Hedge Fund Live's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.