+ 1.21
+ 0.35%
+ 0.50
+ 0.29%

Monday Market Outlook: Subdued Volume in Wake of MF Global

November 7, 2011 10:09 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Every Monday, Benzinga Radio brings you trading intel from the S&P Futures Pit of the Chicago Board of Trade with TradersAudio.com‘s Ben Lichtenstein.

Market sentiment is particularly hard to gauge this week in the aftermath of MF Global’s bankruptcy fiasco, says Lichtenstein. Trading activity was significantly lower last week as the community, highly connected to MF Global, scrambled to put its affairs in order after its announcement that it would file for bankruptcy and the questionable disappearance of millions of dollars of customer funds. This puts our technical outlook in an odd position this week as it seems a large portion of the day traders surrounding the Chicago Mercantile Exchange has yet to return to business as usual. “Last week was a major week in terms of the trading community. It had a major impact on a lot of traders’ confidence and fear factor. It has definitely caused a lot of people to take a half a step back, if not more,” says Lichtenstein.

Look to fundamental market weather vanes as your best bet in determining market sentiment this week, then. Favorites of Lichtenstein’s include the dollar index and crude oil price. “I think the dollar index will be a bigger part of all of it than any of the other major markets.”

Make this week an enjoyable and productive one – we’ll see you back here next Monday.

Follow us @lukelavanway @matthewboesler @benzingaradio @benzinga

Related Articles

DraftKings Takes A Dive After Positive Earnings: What's Next?

DraftKings Inc. (NASDAQ: DKNG) shares were trading lower Monday after the sports betting stock's first-quarter report. DraftKings posted a loss of 36 cents per share against Street expectations of a 51-cent loss.  DraftKings was down 6.58% at $45.24 at last check. read more

How Palantir Stock Looks Going Into Earnings

Palantir Technologies Inc (NYSE: PLTR) is set to report first-quarter earnings before the opening bell Tuesday and traders will be watching closely to see how the stock reacts.  read more

PreMarket Prep Stock Of The Day: Trade Desk

Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. read more

3 ETFs That Show The Flight To Safety Has Started

The stock market is trading at all-time highs, but there may be some troubling signs that suggest the rally may soon end. One of them is the flight to safety that's underway. This means investors have been selling their risky stocks and putting the money into safer ones. This is the type of action that occurs at or near market tops. read more