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Market Recap April 27, 2017

MARKET SNAPSHOT Dow 20979.50 +4.41 (0.02%) Nasdaq 6027.30 +2.09 (0.03%) SP 500 2387.96 +0.51 (0.02%) 10-yr Note +3/32 2.296% NYSE Adv 1425 Dec 1477 Vol 612 mln Nasdaq Adv 1345 Dec 1470 Vol 1498.6 mln   IN THE NEWS HIGHLIGHTS: Investors digest a huge batch of earnings reports. Profit taking in financial sector. Crude oilREAD MORE

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Concerns of a Condor Caretaker

Early in my trading career, someone introduced me to the mighty condor. ‘Twas a fine bird with iron running through her veins and a wingspan that would make LeBron James jealous. Since then I’ve cared for countless condors. I even carved out a beautiful little spot in my portfolio for an aviary. That way IREAD MORE

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Market Recap April 26, 2017

MARKET SNAPSHOT Dow 20975.09 -21.03 (-0.10%) Nasdaq 6025.21 -0.27 (0.00%) SP 500 2387.45 -1.16 (-0.05%) 10-yr Note +9/32 2.303 NYSE Adv 1704 Dec 1245 Vol 1.12 bln Nasdaq Adv 1737 Dec 1072 Vol 1.7 bln     IN THE NEWS HIGHLIGHTS: Investors await the unveiling of President Trump’s tax plan. Profit taking in the techREAD MORE

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Market Recap April 25, 2017

MARKET SNAPSHOT Dow 20996.12 +232.23 (1.12%) Nasdaq 6025.48 +41.67 (0.70%) SP 500 2388.61 +14.46 (0.61%) 10-yr Note -17/32 2.337 NYSE Adv 1996 Dec 944 Vol 1.09 bln Nasdaq Adv 1940 Dec 895 Vol 1.72 bln   IN THE NEWS HIGHLIGHTS: Reports that President Trump will wait on barrier along U.S./Mexico border to avoid government shutdown.READ MORE

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Environmental Hedging

How are trading systems developed?  They are developed over years of experience and testing.  However, before you start back testing, beta testing, virtual trading, live trading and making all the modifications to the design of the system, it firsts starts with an idea.  Two years ago Bob Shannon and I were having a conversation aboutREAD MORE

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Market Recap April 24, 2017

MARKET SNAPSHOT Dow 20763.89 +216.13 (1.05%) Nasdaq 5983.81 +73.30 (1.24%) SP 500 2374.15 +25.46 (1.08%) 10-yr Note -7/32 2.274 NYSE Adv 2101 Dec 850 Vol 1.09 bln Nasdaq Adv 2057 Dec 790 Vol 1.67 bln     IN THE NEWS HIGHLIGHTS: Global markets rally, US equities nearing all time highs. First round of French presidentialREAD MORE

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Market Recap April 20, 2017

MARKET SNAPSHOT Dow 20404.49 -118.79 (-0.58%) Nasdaq 5863.03 +13.56 (0.23%) SP 500 2338.17 -4.02 (-0.17%) 10-yr Note -11/32 2.215 NYSE Adv 1363 Dec 1531 Vol 974.7 mln Nasdaq Adv 1696 Dec 1117 Vol 1.61 bln   IN THE NEWS HIGHLIGHTS: Global markets rally. Favorable earnings results from American Express (AXP) and CSX (CSX). Financials profitREAD MORE

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Volatility and the Efficiency of Markets

Today’s tale tackles credit spreads and volatility. Fellow team member Adam posed an interesting question I’d like to address. Check it out: “My question is about volatility, time and credit spreads. When volatility is low, usually your credit spreads are tighter (closer to the money). Same with time, if you sell shorter term expiration, againREAD MORE

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Market Recap April 19, 2017

MARKET SNAPSHOT Dow 20404.49 -118.79 (-0.58%) Nasdaq 5863.03 +13.56 (0.23%) SP 500 2338.17 -4.02 (-0.17%) 10-yr Note -11/32 2.215 NYSE Adv 1363 Dec 1531 Vol 974.7 mln Nasdaq Adv 1696 Dec 1117 Vol 1.61 bln   IN THE NEWS HIGHLIGHTS: Market closes lower on the sudden drop in oil. Morgan Stanley (MS) impresses in latestREAD MORE

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Market Recap April 18, 2017

MARKET SNAPSHOT Dow 20523.28 -113.64 (-0.55%) Nasdaq 5849.47 -7.32 (-0.12%) SP 500 2342.19 -6.82 (-0.29%) 10-yr Note +20/32 2.178 NYSE Adv 1370 Dec 1512 Vol 889.6 mln Nasdaq Adv 1227 Dec 1564 Vol 1.47 bln     IN THE NEWS HIGHLIGHTS: Investors proceed with caution following yesterday’s unexpected rally. Health Care & Financials struggle followingREAD MORE

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