James Park
James Park
options volatility
With options expiration today, there was not as much volatility as we had expected. We were in range-bound trading.
brings direction economic fed numbers skewed
When the economic numbers are all skewed in one direction, that brings up the Fed again.
companies earnings expectation guided meeting
Right now I think the expectation is that a lot of these companies are meeting muted estimates. I think you'll see earnings guided higher, but that outlooks will be tempered.
advantage buying gains people related seeing taking
I think we're just buying off weakness, ... A lot of the gains we're seeing are related to index-related buying. People are bargain-hunting and taking advantage of the momentum.
continuing definitely extremely markets volume weather
I think the weather is going to be a big concern, ... The markets are definitely continuing their rally, but volume is extremely light. Liquidity is more of an issue.
today
Today is a very directionless market, ... It is really quiet. There's not much going on.
catalyst combine dealt goes good market needed normal numbers speak today volume
Today goes to show that the market needed a catalyst to get it going. Volume on the sell-side has been high. Everything is normal and not rapid, which is a good sign, but the numbers speak for themselves. When you combine everything we dealt with today it makes sense we're at these levels.
although closed hit hope louder market positions square starting volume
I hope New Year's in Times Square is louder than the market is today. Although we're starting to see the market hit different levels, we haven't had the volume to keep up. A lot of positions have already been closed out.
desk organized pen red signifies stocks
I never, ever, ever write with a red pen -- red signifies losses, ... I also keep my desk completely organized. I feel the more organized I am, the better my stocks trade.
conviction summer trading
I just see a lot of listless trading into the end of the summer -- there isn't much conviction,
caught pants playing recent short tech traders volatility weakness
And traders that were short playing recent weakness and volatility in tech were caught with their pants down.
earnings economic guidance news raised
Earnings have been lackluster, guidance has been disappointing and the economic news we've just had, has raised inflationary fears.
buying coming numbers optimistic people resilience seeing
The numbers were nothing too special, it wasn't the most optimistic reading, ... We're just seeing a lot of resilience today. Some people are coming back in and buying on the new quarter.
gains holiday locked low movements players quiet volume
It's kind of a holiday snoozer, ... All of the big players have locked in their gains for this year. It's just going to be quiet with exaggerated movements because of low volume this week.