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HamzeiAnalytics: Real-Time Lessons with Q&A in Hamzei Analytics High Frequency Trading Chatroom 9.23.09/9.24.09

A Tale of Two Market Calls

The following discussion took place in the Hamzei Analytics High Frequency Trading chatroom on September 23, 2009.  Names in this transcript has been changed for privacy purposes.

AFTERNOON DISCUSSION: Post FOMC Announcement a possible shortterm top in the ESZ9 Futures contract.

Wed Sep 23 2009 11:56:25 PDT> Moderator A : I think u r seeing some selling up here
Wed Sep 23 2009 11:56:47 PDT> Moderator A : and i have a hard time thinking we will close above 1075 in the futures

And look what happened. Short and sweet. When this person speaks in the chatroom you have to listen.

E-mini_S_P_500_Index_Futures_Dec_2009_5min

The following discussion took place in the Hamzei Analytics High Frequency Trading chatroom on September 24, 2009.  Names in this transcript has been changed for privacy purposes.

MORNING DISCUSSION: Possible support levels for the Futures contract ESZ9.

Thu Sep 24 2009 07:09:43 PDT> Moderator A : dollar moves dictating overall market
Thu Sep 24 2009 07:10:00 PDT> Moderator A : keep a close eye on Crude down herrer
Thu Sep 24 2009 07:10:09 PDT> Moderator A : nearly at 3 month lows
Thu Sep 24 2009 07:10:49 PDT> Moderator A : seeing a pretty good move in some of the ultra high beta names
Thu Sep 24 2009 07:12:00 PDT> Moderator A : I would be a little suspect of pushing the short side at current levels
Thu Sep 24 2009 07:12:19 PDT> Moderator A : SP has now traded from 1075 to 1050 in 2.5 hrs
Thu Sep 24 2009 07:13:07 PDT> Moderator A : 1044 is a realistic spot as that equates to 1050 in cash
Thu Sep 24 2009 07:14:39 PDT> Moderator A : I have 1046 to 1043 as a zone
Thu Sep 24 2009 07:14:47 PDT> Moderator A : I am scaling buys
Thu Sep 24 2009 07:14:49 PDT> Moderator A : to cover
Thu Sep 24 2009 07:14:56 PDT> Moderator A : starting right here
Thu Sep 24 2009 07:15:51 PDT> Moderator A : as with day positions
Thu Sep 24 2009 07:16:06 PDT> Moderator A : I tend to cover/put on trades at spots
Thu Sep 24 2009 07:16:13 PDT> Moderator A : if they go through it…so be it
Thu Sep 24 2009 07:16:18 PDT> Moderator A : position wise
Thu Sep 24 2009 07:16:22 PDT> Moderator A : a different story
Thu Sep 24 2009 07:16:41 PDT> Moderator A : I am very short cash equities
Thu Sep 24 2009 07:25:11 PDT> Moderator A : we are registering…across all product lines exponential hourly moves
Thu Sep 24 2009 07:25:13 PDT> Moderator A : typically
Thu Sep 24 2009 07:25:29 PDT> Moderator A : this leads to a pattern of support and tight, choppy trading
Thu Sep 24 2009 07:25:34 PDT> Moderator A : the remainder of the session
Thu Sep 24 2009 07:25:39 PDT> Moderator A : key word…Typically

And look what today’s low was.

E-mini_S_P_500_Index_Futures_Dec_2009_5min

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