Sunday, May 9, 2010

Criteria to halt and suspend the market.

CIRCUIT-BREAKER LEVELS FOR Second QUARTER 2010
In the event of a 1050-POINT decline in the DJIA (10 percent):
Before 2 p.m.1-HOUR HALT
2-2:30 p.m.30-MIN. HALT
After 2:30 p.m.NO HALT
In the event of a 2150-POINT decline in the DJIA (20 percent):
Before 1 p.m.2-HOUR HALT
1-2 p.m.1-HOUR HALT
After 2 p.m.MARKET CLOSES
In the event of a 3200-POINT decline in the DJIA (30 percent), regardless of the time, MARKET CLOSES for the day.

NYSE Circuit Breakers
In response to the market breaks in October 1987 and October 1989 the New York Stock Exchange instituted circuit breakers to reduce volatility and promote investor confidence. By implementing a pause in trading, investors are given time to assimilate incoming information and the ability to make informed choices during periods of high market volatility.
The NASDAQ OMX Group (NASDAQ OMX: NDAQ) and NYSE Euronext (NYSE:NYX) are committed to working closely with each other, the Securities and Exchange Commission, other regulators and all market participants to determine the cause of Thursday’s market plunge and to develop effective solutions promoting greater market stability, efficiency and transparency.
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies.. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products.
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies.
Tracking the Dow on Friday,07/05/10.(10 market days to index/options futures expiry).Japanese index futures expiry:14/05/10
9:30am:--Greece lightning contagion jitters spillover.Bearish 50.0 points gap down.
10:30am:-- Nonfarm payrolls increased by 290,000 in April.But the Unemployment Rate increased from 9.7% to 9.9%.The excuse to hammer down finding 1st hour low.
11:30am:--After breaking the MAV resistance line being hit by shooting star.
12:30noon:--Pullback to MAV support line with a bullish inverted hammer embeded.
1:30pm:--The afternoon session opens with a weaker note sslightly below the MAV resistance.Bearish dojis were overriden by the bulls.
2:30pm:--Volatility remains strong amid this session's whipsaw action.Instances of breakway bears but were holding well above the bear pivot support.
3:30pm:--The actual bear pivot support line has been hit with bearish engulfing candlesticks but a corresponding doji spin near the bottom noted.
4:00pm:--A bullish inverted hammer below the MAV resistance line.
The long lower candlestick shadow line is just an inch falling shy to be covered to the half shadow.
The shorties and market makers have finally make an early low settings for the year.
As till todate for MAY,the bears have scored -1,222 points versus the bulls +167 points.
Friday's bearish doji can signal to cover fully till the half shadow line.Since it closes slightly below the MAV resistance,it also has every opportunity to make a tremendous push into the bull county.