Futures Trading and Professional Mentoring » Futures Market Information

Columbus Day – half-holidays not worth half the effort

Jeff Quinto — Mon, 12 Oct 2009 01:31:48 +0000

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The truth about E-mini S&P tick charts changes as of October 4th!

Jeff Quinto — Tue, 06 Oct 2009 20:10:48 +0000

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What will the changes proposed in the financial markets mean for our trading? Part three of my series “May you live in interesting times”

Jeff Quinto — Fri, 03 Oct 2008 11:38:05 +0000

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Is the money in your futures account safe? Part one of my series “May you live in interesting times”

Jeff Quinto — Wed, 17 Sep 2008 22:37:19 +0000

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“Often wrong, never in doubt”, ancient Quinto family motto

Jeff Quinto — Thu, 11 Sep 2008 14:08:47 +0000

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Speculators are the cause of the run-up in oil prices! – Who knew?

Jeff Quinto — Sat, 19 Jul 2008 17:58:56 +0000

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VIX plummets – FOMC Wednesday – May Day Thursday – Oh My!

Jeff Quinto — Mon, 28 Apr 2008 20:57:59 +0000

Generally, I am against being negative on the market. After all, the best days come at the oddest times. However, this week may be an exception.

First, the VIX (the CBOE’s volatility index) has spent most of the year in the high twenties and was over thirty in early March. Today, the VIX dropped below 20. This is less volatility than we have had since last summer.

Second, the FOMC is meeting, this week, and will make a rate announcement on Wednesday at 1:15PM CST. Absent some sort of market news or event, all day Tuesday and Wednesday until the announcement should be quiet. However, after the announcement on Wednesday should be good for trading, if only for less than an hour and a half.

Third, Thursday is May 1^st, May Day, and for readers familiar with European Holidays, it will be obvious that this spring holiday in Europe will mean reduced trade in the US markets. Here in the United States, we sometimes lose track of the fact that the world does not celebrate exactly the same holidays as we do.

As for May Day, there is an odd, abstract statue outside the International Studies Building at the University of Chicago that casts the shadow of a highly-stylized hammer and sickle to its right on May Day at noon. My daughter and I were among a group of about twenty people on May first some years ago who witnessed the shadow. I have to admit that it took some imagination, but, to me, it was a hammer and sickle.

So, there you are. Don’t trade on May 1^st, but come to Chicago and ride a bike down the lakefront to the University of Chicago at noon and be among the few who will ooh and ahh at what might be a hammer and sickle. Granted, it is cheap entertainment, but it will be time better spent than trading on Thursday.

Wishing you success in your trading, Jeff

Easter Monday – holidays you ever heard of

Jeff Quinto — Wed, 19 Mar 2008 14:53:35 +0000

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Days that deserve to be taken off

Jeff Quinto — Thu, 13 Sep 2007 01:35:00 +0000

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