Thursday, March 3, 2011

Algo Bots Positioning for Tomorrow's NFP Number in the US

The stock market remain high into the close, but the volume doesn't seem to be matching the out-sized gains. The only players? HFT bots.

Which way is it gonna be tomorrow, up or down? Place your bets on the non-farm payroll (NFP) number from your trusted government!

Here's a good one from J.P.Morgan Chase, Gaddafi's banker:

“All the stars seem to be aligned for a stronger number,” said Anthony Chan, chief economist for J.P. Morgan Chase’s Private Wealth Management group.

It's in the stars, people! Laugh and be merry, everything is great.

Chart of S&P futures, from Zero Hedge:


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