Market Analysis - Market Analysis Executive Summary I am...

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Market Analysis Executive Summary I am working for a leading brokerage firm as a technical trader. This implies that the  strategies I implement are based on directional information, i.e. information relating to the  change in price. Of course, analysis of market conditions, information and general sentiment is critical to the  success of such a strategy. Technical analysis is more concerned with how the forces of  supply and demand are impacting upon its price and my market analysis involves examining  the market prices and volumes for the financial instrument itself. This is possible through  trading in an order driven market in which all of the orders of both buyers and sellers are  displayed, detailing the price and volume at which they are willing to buy or sell a security. Volatility   31-Jan 1-Feb 2-Feb 5-Feb 6-Feb Total Standard  Deviation 0.00018217 1 0.00021 7 0.00019 2 0.00023 0.00020785 1 0.00046227 7 Variance  3.31863E- 08 4.73E- 08 3.69E- 08 5.31E-08 4.32019E- 08 2.137E-07 The proxy used as a measure of volatility is the standard deviation of the returns on BHP’s  stock. Between the 31 st  of January and the 7 th  of February, there does not appear to be  significant changes in the standard deviation.  The intra-day standard deviations of returns  are very small. We can therefore infer that the total volatility is very small.  Liquidity    31-Jan 1-Feb 2-Feb 5-Feb 6-Feb Total Volume  traded 22,533,94 4 22,320,815 23,772,74 5 20,687,24 7 22,465,35 9 111,780,11 0 The volume of BHP shares traded each day varies between 22 and 24 million. Over the 5  days, the average depth per trading price is 1,470,930 units of BHP shares 1 . But since this is 
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