Overnight markets: Down again
Asian stocks fell Thursday, extending a global rout, as Japan's exports declined the most in almost seven years, Treasury bond yields slid and US consumer prices dropped by a record amount. Futures on the S&P 500 Index gained 0.2% after the S&P 500 tumbled 6.1% and Europe's Dow Jones Stoxx 600 Index [more...]
Date: 2008-11-20 05:18:56
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The Waiting Game
by Larry LevinMy goodness, will the markets ever open for business? The momentum is negligent; it's as if there are only 2 traders in the S&P futures pits trading ... . But that's just the official number. This morning traders in New York started to spread their "whisper [more...]
Date: 2009-01-09 01:57:00
Another Ponzi Scheme
Broken Record I’ve said it all before. The following press release can be found here ... the funds in an account that would trade in securities futures contracts, including S&P 500 stock index futures. According to the complaint, despite the impressive and consistent returns he reported [more...]
Date: 2009-01-13 03:37:41
S&P 500 a potential short
The overbought S&P and oversold Long bond market setup a bearish short term scenario for the S&P if on tomorrow January 7th the S&P futures gap above ... contract trades since 1982. [more...]
Date: 2009-01-07 02:37:00
Focus on the Forest, Not the Trees (pfblogs.org)
Yesterday's market is a great example of why timing the market (keeping your eye on the forest) is more important than picking the right stocks ( ... to enlarge):As a result of yesterday's market decline 9 out of 10 stocks, ETFs (stocks, commodities ... ;P futures, after today's 1.75% retracement of yesterday's drop, is pointing to a relatively [more...]
Date: 2008-09-17 01:28:52
S&P (e-mini) 9th January 09 recap
"US markets have reversed into the January 50% level and have been pushed down.I'm looking for Friday as a consolidating trading day until next week ... is to move back down into Friday's lows"Premium ReportS&P Weekly and 5-day patternThe charts tell ... moves this month.Daily Trading Set-ups & AnalysisIndex Futures SPI, DOW S&P, & ForexSubscribe [more...]
Date: 2009-01-09 20:39:00
Opening Comments October 24 2008
Prices of Treasury coupon securities are surging in overnight trading as fears of a global recession spark a meltdown in global equity markets and a ... and that is the lowest level for that index since its inception in 1998. Dow futures are down 550 points and the S and P futures are down 60. Each is down limit and can not move lower until the [more...]
Date: 2008-10-24 10:47:43
After rallying from the mid-July lows and then pulling back, stocks made a bid for new highs, with the S&P 500 emini futures turned back from the 1300 area on Friday. Here is how the eight S&P sectors that I track are faring in their Technical Strength (a quantitative measure of trending [more...]
Date: 2008-08-31 02:34:24
Sector Update for August 30th
After rallying from the mid-July lows and then pulling back, stocks made a bid for new highs, with the S&P 500 emini futures turned back from the 1300 area on Friday. Here is how the eight S&P sectors that I track are faring in their Technical Strength (a quantitative measure of trending [more...]
Date: 2008-08-30 12:55:27
TODAY'S OPEN: UP (pfblogs.org)
Financial Industry Turmoil Deals Another Damaging Blow to Major IndicesPICTURED BELOW: The S&P 500 Index fell -8.81% yesterday and hit a new 2008 ... on the major exchanges compared to the prior session, indicative of heavy distributional action as mutual ... a 17-to-1 ratio on the NYSE and by a 6-to-1 ratio on the Nasdaq exchange."S&P 500 futures [more...]
Date: 2008-09-30 12:45:13
Wall Street eases back from holiday
NEW YORK (CNNMoney.com) — Wall Street looked to open higher Friday as investors return to work after the Christmas break, ... Friday for a full day of trading. Activity was expected to be limited as many market participants take ... a.m. ET, Dow, Nasdaq and S&P futures were slightly higher with a comparison to fair value [more...]
Date: 2008-12-26 13:46:26
Employment Woes Imperil Stocks? Nascent Rally
ALCOA’S OUTLOOK, JOB CUTS REVIVE ECONOMIC CONCERNS Fresh fears about the labor markets - the visceral manifestation of corporate health, ... to the task of tamping down recessionary troubles. S&P 500 futures indicated a half-a-percentage point loss from the open Wednesday, after Alcoa fell 5% in premarket trading on its outlook. While [more...]
Date: 2009-01-07 14:25:35
Morning Update
Unpleasant Employment Data Sours SentimentMacro-economic worries are once again influencing shares and sending the market lower after ADP reported ... , and markets overseas are mixed. As of 8:35 a.m. ET, the March S&P 500 Index Globex futures contract ... are designed to conserve cash, cut costs, and improve competitiveness.Monsanto (MON $73) is tradin [more...]
Date: 2009-01-07 15:45:00
CNBC VIDEO PPT Well, well, well … it’s early morning and a guest on CNBC’s Squawk Box blurted out in vociferous fashion about how The Working Group on Financial Markets, or the Plunge Protection Team, has been active in the S&P futures ... . *Scott Nations came back with the government is in the bond market, why not the stock market [more...]
Date: 2008-11-19 12:00:17
Day Trading the S&P Em...
Day Trading the S&P Em... The S#38;P E Mini Futures contract closed up today. After... Play on iPhone or iPod iTouch Play Add to custom mycast feed [more...]
Date: 2009-01-07 12:06:14
Technical Update - Gap Fill
Last night we said that NR7 price/volume contraction implied price expansion, but direction was not clear ... between the trendline. However, after hours S&P futures are ripping lower, the trendline ... fell sharply as energy, gold, and commodities rallied on the open. USD is now in a support zone [more...]
Date: 2008-12-12 04:22:10
Conflict and Creativity in Trading Performance
As part of elaborating a cognitive perspective on trader performance, I recently took a look at the role of creativity in trading ... and traders. Suppose I am working with an active trader while he is trading; he is intently watching ... breakout is imminent, but every time the S&P 500 futures tick up, they run into a wave [more...]
Date: 2008-11-15 12:50:19
Technical Update - Gap Fill
Last night we said that NR7 price/volume contraction implied price expansion, but direction was not clear ... between the trendline. However, after hours S&P futures are ripping lower, the trendline is broken ... as energy, gold, and commodities rallied on the open. USD is now in a support zone and near [more...]
Date: 2008-12-12 03:49:00
WSF Headline Roundup - 10/28/08 - Global stocks rally over night; Japan naked short selling ban; Iceland raises key int rt to 18%; GE tests Fed CP facility; FNM / FRE spreads widen; More banks in Treasury facilty; Barclays Russian loans; GM/Chrysler aid
U.S. stock futures jump as Fed begins deliberations Global stocks rebound U.S ... at Dillard's U.S. stock futures jump as Fed begins deliberations - MarketWatch U.S. stock futures ... cuts are seen as a near certainty. S&P 500 futures climbed 32.4 points to 867.10 and Nasdaq 100 [more...]
Date: 2008-10-28 11:33:00
Weekend Open Discussion
Anecdote for history buffs. Today marks the 79th anniversary of the official start of the Crash of ‘29 ... which defined the Great Crash. Strap in, it is going to be a wild ride. Dow and S&P futures are currently trading “limit down”, the maximum daily amount permitted. The Nikkei fell over 800 points [more...]
Date: 2008-10-24 10:20:32
Recognizing Reversal Patterns in the Stock Market
The S&P 500 Index (ES futures contract; top chart) staged a nice turnaround in afternoon trading ... , enabling ES to retrace its day's losses. Recognizing these patterns as they emerge is a key element of trading success; turnarounds often occur when buyers/sellers cannot move markets higher/lower [more...]
Date: 2008-12-29 23:29:00
S&P 500 day trading S&P 500 emini futures Dec 19 am
Looking for it to fill the gap at 83Chance of making a H&S,who wants to hold in to the weekend?is this the end of the Christmas Rally?Low volume, watch out for fast moves. [more...]
Date: 2008-12-19 17:51:00
Madoff - Throw the Key Away
Good morning to all… A relatively quiet morning so far. S&P 500 futures are currently 883.50, the overnight low was 879 ... .50 so this will be a point to watch today. If trading drops below the overnight lows selling pressure should increase. But be aware of the support levels I pointed out in my post on Friday. A ... [more...]
Date: 2009-01-12 14:24:54
Getting a Head Start
I sometimes trade futures on Sunday evenings after the markets open at 6:00 pm. EST. Usually, it's a fast trade to get a head start on the week. This was mostly a technical trade of the S&P Emini futures last night with NRIBs (NR7 ... tumble in Europe and Asia overnight and U.S. index futures retreat as bank bailouts accelerated [more...]
Date: 2008-09-30 00:31:59
Identifying False Breakouts and Market Reversals
I was watching a false breakout pattern set up this morning and decided to take a few "snapshots" that I could share from my desktop ... ), the areas within the bars are coded red. The top chart shows the S&P emini futures market (ES; half ... high was not confirmed by either the NASDAQ 100 futures (NQ) or the Russell 2000 futures (ER2 [more...]
Date: 2008-07-28 19:51:44
Overnight markets: Commodities gloom
Asian stocks fell to a two-week low on Wednesday, following US and European markets overnight, as commodity prices slumped, pointing to a worsening outlook for global economies. Futures on the S&P 500 Index rose 0.5%, however, after losing 2.2% Tuesday as General Motors sank to the lowest price since 1943 amid [more...]
Date: 2008-11-12 05:23:21
More links for 2008-10-24 [del.icio.us]
'I made a mistake,' admits Greenspan Alan Greenspan, the former Federal Reserve chairman, ... volatility and help boost liquidity.U.S. Futures Plunge, Sending S&P 500, Dow Down by Daily Limit - Bloomberg Oct. 24 (Bloomberg) -- Futures contracts on the Standard & Poor's 500 Index and Dow [more...]
Date: 2008-10-25 13:46:45
NASDAQ Technical Picture - Snooze Fest - Low Volume Inside Day
The markets opened on a slightly negative note following some unfavorable news items from JPM, MS, and UBS, ... at 10:35. NVDA and CREE trading up in AH on earnings. This is a 15 min. chart of the S&P Emini futures. I waited all day for a short to set up. It was a quick move to the next support level (blue [more...]
Date: 2008-08-13 01:43:25
News round-up: 24 Oct 2008
Where can we start? There is so much news - all of it negative, I have news coming out of my ears ... markets have been down 7-11%. People are fleeing risk everywhere. The S&P Futures are limit down -60 meaning that they will open at a steep loss over 6%. Dow futures are trading at -550 limit down [more...]
Date: 2008-10-24 12:48:28
Distinguishing Trend Days From Range Bound Days
If you click on the Market Delta chart above, you'll get a unique view of today's action in the S&P 500 emini futures market. The histogram at left shows the total volume transacted at each [more...]
Date: 2008-07-25 22:47:07
Distinguishing Trend Days From Range Bound Days
If you click on the Market Delta chart above, you'll get a unique view of today's action in the S&P 500 emini futures market. The histogram at left shows the total volume transacted at each [more...]
Date: 2008-07-25 22:50:40
Weekend Potpourri: Fireworks and Readings
* Fireworks - I see the S&P 500 stock index futures have opened about 30 points higher in the wake of the bailout of FNM and FRE ... that his tenant association was suing a bank to *require* them to foreclose on vacant units. It appears that, if the bank forecloses, they have to pay six months' worth of arrears in association fees [more...]
Date: 2008-09-07 17:59:26
COT Report Charts of S&P 500 - 01/06/2009
Commercials added more shorts than longs, reversing the trend (of reducing net short exposure) of previous few weeks.Charts generated using Chicago Mercantile Exchange S&P 500 stock index futures only positions data [more...]
Date: 2009-01-09 20:52:00
Markets are in absolute freefall
The news on markets around the world is particularly dire this morning. Despite a late day rally in the U.S., markets in Asia and Europe are down as much as 9 and 10% and S&P Futures are 60 limit down ... 3%, agricultural commodities are down, and all currencies are getting killed against the dollar excep [more...]
Date: 2008-10-24 10:49:05
Shorting Weakness - Lehman Brothers Holdings Inc. (Public, NYSE:LEH)
Last week I mentioned this symmetrical triangle on the LEH daily chart ... of the session. I was watching the Emini NASDAQ futures all day for a trend line break, but the action was so sloppy that I ended up shorting the S&P futures instead. [more...]
Date: 2008-08-12 20:54:16
Week in Review: Small Cap Outperformance
While the large cap stocks remained range bound for the week (SPY; top chart), unable to sustain a rally above 900 in the S&P 500 futures, small cap stocks benefited from end ... session in which new 20-day highs exceeded 1000 among NYSE, NASDAQ, and ASE exchanges, despite the choppy [more...]
Date: 2008-12-20 00:52:00
Shorting Weakness - Lehman Brothers Holdings Inc. (Public, NYSE:LEH)
Last week I mentioned this symmetrical triangle on the LEH daily chart ... part of the session. I was watching the Emini NASDAQ futures all day for a trend line break, but the action was so sloppy that I ended up shorting the S&P futures instead. [more...]
Date: 2008-08-12 20:48:06
Stocks in Europe, Asia Decline, Led by Banks; U.S. Futures Fall
By Adam Haigh Nov. 18 (Bloomberg) — Stocks in Europe and Asia declined for a second day, ... analysts who study charts of trading patterns. Stocks in Europe and futures on the S&P 500 recouped ... led by commodity producers and financial companies on concern the deepening recession will erode [more...]
Date: 2008-11-18 13:44:57
Another Bad Day Opens in Asia
Asian markets are keying off the ugly day in the US, ... has fallen to $50.80 a barrel. Dow futures are down 123 and S&P down 16.50. There is no way to put ... earlier, the Finance Ministry said. The nation's corporate-bond risk rose to a record after the report [more...]
Date: 2008-11-20 06:54:13
Bullish Divergences on $HUI and $OSX, S&P Crash Count Updated Again
Here are a few charts I am looking at after Thursday's dramatic reversal. Click on any chart in this set for sharper image ... reversing direction after stops were cleared on the downside.S&P 500 Futures 15 Minute ChartNote ... flats where the B wave is a double zigzag, so there is yet one more option!If price bounces hard [more...]
Date: 2008-11-14 12:10:00
SPI Daily 9th January 2009 recap
"There is no probability pattern today, as price looks to be moving into a weekly 5-day sideways pattern, ... Report out tomorrow.Daily Trading Set-ups & AnalysisIndex Futures SPI, DOW S&P, & ForexSubscribe to the Trader Premiumhttp://www.datafeeds.com.au/premiumtrader.html [more...]
Date: 2009-01-09 05:48:00
Diversifying Portfolio with Commodities Futures Fund
I first heard about commodities futures in the last bear market. In 2002, commodities futures returned something like +25-30% while the S&P lost 22%. People were saying back then commodities futures were a great investment because they had “equity-like” [more...]
Date: 2008-12-16 15:09:09
India Halts Trading of Stocks, Bonds, Rupee on Mumbai Attacks
BLOOMBERG - Chen Shiyin and Pooja Thakur Nov. 27 (Bloomberg) ... commandos battled to free hostages held by gunmen at two luxury hotels. S&P CNX Nifty Index futures ... and National Stock Exchange were shut, along with bond, foreign exchange, commodities and money [more...]
Date: 2008-11-27 02:58:22
Morning Update
Job Losses MountThe government reported more than a half million job losses for the second month in a row and the prior two months were revised ... S&P 500 Index Globex futures contract is 1 point above fair value, the Nasdaq 100 Index is 1 point [more...]
Date: 2009-01-09 13:07:00
Trading Against Low Volume Rallies
Much of the talk these days has been about the incredibly low volume across the board ... this strategy on one contract of the emini S&P 500 futures resulted in a nice positive expectancy [more...]
Date: 2008-08-29 04:09:33
Guesstimates on January 2, 2009
Spiders - March S&P E-mini Futures: I think that the market is headed for its next upside target at 945. Support today is at 888 ... into the 550-600 range. SLV - March Silver: I still think this is a bear market. Next resistance above [more...]
Date: 2009-01-02 13:59:00
S&P 500 day trading course jan 9 employment numbers
S&P 500 day trading course live room emini futures education coach levels of support and resistance for, Http://www.tradingonlinemadeEasy.com with break outs, break downs, point of control in live [more...]
Date: 2009-01-09 07:18:00
Guesstimates on January 6, 2009
Spiders - March S&P E-mini Futures: The market is approaching the 945 short term target. Support is at 912 ... will probably continue upward to 55.00 but I expect a drop to 30-35 to follow. GLD - February Gold [more...]
Date: 2009-01-06 13:39:00
Guesstimates on January 5, 2009
Spiders - March S&P E-mini Futures: The market is approaching the 945 short term target. Support is at 900 ... reach the 32-34 zone before a rally of $20 or more can begin. GLD - February Gold: The 885 level [more...]
Date: 2009-01-05 13:39:00
Guesstimates on January 9, 2009
Spiders - March S&P E-mini Futures: I think that the e-minis are headed for 875 ... - February Gold: The 885 level should prove to be resistance and the market should soon resume [more...]
Date: 2009-01-09 13:42:57
