Entries by CFRN reporter (67)
Emini Futures Trading / Key Reversal Day
March 1, 2011 at 7:52 PM LOOKING FOR THE 1ST SIGN OF A TOP??? HERE YA GO!
Let me skip all the descriptive mumbo jumbo of today’s action because we have a potential reversal and that’s why YOU NEED TO READ THIS!
If you have been a loyal reader of our post you will know that we’ve been bulls and “buying dips”. Today that has changed.
Today’s price action in technical terms is called a “key reversal”. What does that mean? This could be the first technical sign of a top. Why? The price action today: we created a higher high, we produced a lower low and we had a lower close than the previous day. Look at the chart it’s easier.
Emini Futures Trading / Legs Up To Where? To The Zone Robin!
February 28, 2011 at 8:42 PM E-Mini S&P 500 – another leg up?
The E-Mini S&P 500 hit a high of $1329.00 today (WTZ) signaling that a bounce after the dip may inspire some bulls to re-enter. Tomorrow is the first of March. Economic Data has supported the indices. Warren Buffet came in with some commentary directed to his own company “Berkshire Hathaway” that may be construed as fairly positive. Lately, many mergers and acquisitions have played a role in boasting the Stock Market as a whole. Often, bargain hunting will take place after an increase in mergers and acquisitions. The Libyan crisis, although not over, seems to have taken a step back in terms of fears for the US. Saudi Arabia has increased production of Crude Oil to compensate for the Libyan Oil disruption.
This Weeks Public Radio Link
February 27, 2011 at 7:33 PM CFRN Daily Public Radio Broadcast / 12noon-1pm EST
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https://www1.gotomeeting.com/register/299499537
Emini Futures Trading / Internal Strength Weakest In 16 Months
February 24, 2011 at 8:51 PM E-Mini S&P 500 needs some traction!
Another day for the E-Mini S&P 500 to retrace! Rumors spread about the Libyan President, Maummar Gaddafi, being shot. The Crude Oil has been trading inversely to the E-Mini S&P 500 as it hit levels around $103.00 on fears regarding the unrest in Libya as a threat to our oil supply. In reality, the daily supplies from Libya would be very small in comparison to our total usage. Saudi Arabia came in with a statement to suggest that they would ramp up their production to compensate.
sp emini 
Emini Futures Trading / Will 1300 Hold On SP?
February 23, 2011 at 9:05 PM Will the E-Mini S&P 500 spring back after the tumble?
Today, we had a continuation of yesterday’s action as Libyan violence dominated the news. The US and many other countries have taken measures to evacuate Libya of their citizens. 10,000 are being evacuated by the Euro Zone. The bloodshed is considered totally unnecessary and yet the US remains on the sidelines. There was talk of freezing Libyan assets, but so far our government has walked softly around this dilemma. Senator Kerry and Secretary of State Hillary Clinton have made statements regarding the appalling violence.
