January 5th, 2009
New look, new educational content, same honest commentary www.CarleyGarnerTrading.com!
When it rains it pours.
Yields have skyrocketed in recent trading sessions as the flight to quality demand for ultra low return Treasuries has finally dissipated.   The Treasury “bubble” has been a perfect example of a market’s tendency to overshoot fundamentals.  The economic and [...]

January 5th, 2009
New look, new educational content, same honest commentary www.CarleyGarnerTrading.com!
Cautious trade was met with moderate buying.
Equities suffered from some back and filling trade following last week’s impressive New Year rally but buying stepped in.  Aside from construction spending data that was reported to be slightly better than expected, the news story of [...]

December 30th, 2008
Happy Holidays from DeCarley Trading!
Boring trade leaves indices range bound.
It was another quiet day on Wall Street in terms of market participation.  Those trading futures on the CME in Chicago were likely just as bored as insiders note a lack of retail order flow and highly reduced levels of institutional trade.
Stock [...]

December 30th, 2008
Happy Holidays from DeCarley Trading!
Nothing going on in the pits, but prices moving.
Unlike yesterday, market participants were provided with economic data; as we have been seeing in recent months the news was bond friendly.  Consumer Confidence was reported at a stunningly low level of 38, a far cry from estimates in [...]

December 29th, 2008
Happy Holidays from DeCarley Trading!
Low, make that no, volume…stay away from the markets.
There is a reason why brokers, traders and other industry insiders take their vacations in December; low volumes.  It isn’t difficult to imagine that given market volatility and a turbulent economy trading volume has never been so low.  In overnight [...]

December 29th, 2008
Happy Holidays from DeCarley Trading!
Holiday trade still in effect, volume remains light.
Treasuries were wildly mixed on a lack of economic news and trading volume.  After posting impressive gains early on, the 10-year note futures pared gains as the day progressed. Nonetheless, yields on the short end of the curve traded decisively lower [...]

Mid-Day December 23rd, 2008
Happy Holidays from DeCarley Trading!
Brutally light volume equates to poor trading conditions, sidelines.
Most traders, both professional and retail, have opted to spend time with their families rather than with the markets.  We believe this to be the best method of defense against what has been and will continue to be choppy [...]

December 23rd, 2008
Happy Holidays from DeCarley Trading!
Liquidity absent as traders look forward to Holiday.
Despite a handful of widely followed economic reports, traders weren’t willing to participate in the thinly traded markets.  While some of the liquidity may come back on the Monday following Christmas, we likely won’t see a significant amount of increased interest [...]

December 16th, 2008
Happy Holidays from DeCarley Trading!
“Shock and Awe” from the Fed.
The Fed shocked the markets with a cut much larger than the expected 50 basis points.  In fact, the Fed didn’t even cut 75 basis points.  Instead, they have announced a new target “range” between 0% and .25%.  With the Fed Funds rate [...]

December 16th, 2008
Happy Holidays from DeCarley Trading!
The Fed sets a target on the target rate.
Stock index futures traded within a tight intra-day range ahead of the FOMC announcement.  As we previously noted, the light volume seemed to favor an eventful reaction as well as an upside bias.  Today’s post announcement trade left the shorts [...]