Home About Millennium Forum Guide to Services Trial Subscribe Member Login
Live chat by Boldchat

Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Chart Settings
Triple Access
Double Access
Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Market Commentary
Economic Calendar
Weekly MarketNews
Trader Tips
Market Alerts
Stocks Chat Room
Futures Chat Room
Forex Chat Room
Options Chat Room
Penny Stocks Chat Room Trading Rooms
Performance Tracking
Other Services
General Information
Stocks
Futures
Forex
Options
Penny's
FREE e-Book
Taking Day Trading
by Storm


Get into the basics on how to become a Professional Day Trader!

more info...







Twitter Tweet, Fact or Fiction
Interesting developments to come - See what made the cut...

Twitter Tweet, Fact or Fiction Twitter Tweet, Fact or Fiction

Investors large and small, regulators, big banks and lawmakers are not seen simply brushing off the impact of the bogus tweet Tuesday April 23, that sent the markets tumbling. The Dow Industrial Average plummeted from a nearly 140 point-gain to a 13-point drop in a time span reminiscent of the May 2010 “flash crash”. In the blink of an eye, around 1:00pm ET markets reacted to a tweet that surfaced on the Twitter account of the Associated Press reported two explosions had gone off at the White House and that U.S. President Barack Obama had been injured. During an approximate time span of four minutes, total chaos ensued as the markets literally, crashed. Across the board - the Dow (DJIA), S&P 500 Index (SPX), Nasdaq Composite Index (COMP), and crude oil (CLM3) dumped 1%. The CBOE Volatility Index (VIX) spiked 10%. The yield on the 10-year Treasury note fell 4 basis points. As quickly as the tank began, the rebound took hold and the markets returned toward pre-tweet levels in nearly four minutes after the tweet was reported as - a hoax.

The 'twitter tank' - the term for the market reaction to the fake tweet - shows how investors rely and react to social media, even when the news is fake. The move by the markets shows how automated trading and high frequency trading, literally make the markets move. While Twitter tweets may be influential, they could prove to be problematic, as well. Plain and simple, Twitter tweets consist of unfiltered news - act at your own risk.

The Securities and Exchange Commission has given companies explicit permission to utilize social media sources such as Twitter, Facebook and LinkedIn.

With the recent hack attack on the AP, regulators and lawmakers could potentially delve deeper into potential regulatory use of social media in the markets and how it can negatively impact high frequency and/or automated trading.


Goldman Throwing Life Preserve to J.C. Penney Goldman Throwing Life Preserve to J.C. Penney

In a release on Friday, Goldman Sachs (GS) reportedly arranged a $1.75 billion financing package for J.C. Penney Co Inc (JCP). The deal has not yet been finalized as it is still pending acceptance from Penney as they determine the value of the deal as it would be secured by Penney's real estate as well as, other assets. Just a day earlier, billionaire investor George Soros reported a 7.9% passive stake in the Penney although the reasoning remains unclear.

The retailer has been exploring various options to shore up capital after ending last fiscal year with less than $1 billion in cash as a result of a steep sales slump following a botched turnaround attempt by former CEO Ron Johnson. The elimination of coupons turned off Penney's core shoppers, leading to a 25% decline in sales in recent fiscal year. Penney recently withdrew $850 million from its $1.85 billion revolving credit facility to help buy inventory and revamp its business strategy.

Is the move by Goldman a potential new method of bail outs, something like following a trend set by the U.S. Treasury Department.
 

Goldman Throwing Life Preserve to J.C. Penney Interest Rate Cut Pressures European Central Bank

"Monetary policy is not an all-purpose weapon for any kind of economic illness," European Central Bank top official for international relations Joerg Asmussen said in a speech in London. Another rate cut may prove as little help for eurozone countries in recession. Markets have shown expectations that ECB will cut rates from a record low of 0.75 percent to stimulate the economy of the 17 European Union countries that use the euro. "The euro area has to move ahead with deeper union," Asmussen said. "Like it or not, the euro area has become the engine of European integration, for its own sake, and that of the EU as a whole."

Asmussen said the "pass-through of rate cuts" would be "limited" to reach businesses and consumers since troubled banks are already unable to pass on the savings.

Asmussen added that the central bank would find it difficult to carry out monetary stimulus through the purchase of financial assets. Other central banks have sought to expand the supply of money in their economies in an effort to boost growth - such as the U.S. Federal Reserve and the Bank of Japan. The difficulties of using the method by the eurozone is that the 17 countries have differing market interest rates and because companies tend to get their financing from banks, and not from bond or money markets.

Ahead of the ECB's bank meeting on Thursday, warnings were noted as means to reduce expectations for a rate cut after stocks have been seen rising and the euro falling on the expectations.

German Chancellor Angela Merkel noted the difficult task of finding one rate that suits the entire eurozone. With Germany at such high levels of employment, other countries such as Greece and Spain have unemployment rate of 25%. "At the moment it (the ECB) would probably in principle have to raise interest rates somewhat for Germany, but it has to do even more for other countries so that liquidity is really made available and above all so that this liquidity really reaches corporate financing," Merkel said.

Wall Street will be in tune to monetary action, across the pond, as it could provide market moving action, right here in the USA.


April 29, 2013


Top of the page


   

Performance
Stocks Trading Room
Total for Year
Last Week
$70,240.00
$0.00
Futures Trading Room
Total for Year
Last Week
$85,270.50
$0.00
Forex Trading Room
Total for Year
Last Week
$251,937.90
$0.00
Options Trading Room
Total for Year
Last Week
$145,900.00
$0.00
empty
Total for Year
Last Week
$0.00
$0.00
News & Commentary

Forex Day Trading Room Performance for May 6, 2016

Futures Day Trading Room Performance for May 6, 2016

Forex Day Trading Room Performance for May 5, 2016

Futures Day Trading Room Performance for May 5, 2016

Stocks Day Trading Room Performance for May 5, 2016

Forex Day Trading Room Performance for May 4, 2016

Futures Day Trading Room Performance for May 4, 2016

Forex Day Trading Room Performance for May 3, 2016

Futures Day Trading Room Performance for May 3, 2016

Stocks Day Trading Room Performance for May 3, 2016


News & Commentary

Monthly Trading Lesson


RSS Feed...
subscribe by
clicking on above

Social Networks...
subscribe by
clicking Icons below