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Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.
$SPX is negative YTD: last hope
The $SPX close on the lows of the day and the only positive note from the $SPX futures is that it did not trade below yesterdays’ low. Based on Market Profile theory,
Stocks lost ground on financial turmoil in China and Greece coupled with a halt in NYSE trading due to technical difficulties. The yen surged against the dollar, with Treasuries and gold advancing as investors sought safe-haven assets. A surprise rise in U.S. crude inventories pulled oil lower.
On the other hand, Chinese trades are entering in “panic mode” Â based on regulator comments.
A technical issue halted NYSE today for about 3 minutes, the other exchanges worked business as usual.