Forex algorithmic trading models and quantitative finance at High frequency levels
it looks like the unemployment data is very important for the US markets like the SP-500. the rate fall to 9.5% and markets reacted inmediatly. never forget that there are some news that really moves the markets.
in the image below, the sp -500 5 min consolidating after the unemployment data was released:
After some consolidation the market trades lower:
Tags: sp-500, unemployment
(Reuters) – Stocks plunged 9 percent in the last two hours of trading on Thursday before clawing back some of the losses as a suspected trading glitch and fears of a new credit crunch in Europe threw markets into disarray.
The Dow suffered its biggest ever intraday point drop — 998.5 points. The market’s fall may have been exacerbated by an erroneous trades that showed some shares briefly fell to nearly zero.
Tags: collapsed, glitch, plunge
Global investment banking and securities Goldman Sachs was sued by the sec today, news can be found in all the finance sites:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aWIdK_tSJpX4&pos=1
http://www.reuters.com/article/idUSTRE63F3JX20100416
Company shares fall 12.79%, USD 23.57, making big profits for day traders for sure.
This carried the fear across all the majors US stock exchanges, with the SP-500 falling 19.54 points (1.61%).
Will this mean just a small pullback, or it will be something else for the US markets ? i Don’t think it will have much importance to stop the rally we are seeing lastly but who know.
Tags: goldman, goldman sachs, GS, us stocks
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