Wednesday
Feb092011
Emini Futures Trading / Podcast for Wednesday 02/09/11
February 9, 2011 at 9:37 PM Entries by CFRN reporter (67)
February 9, 2011 at 9:37 PM 
Wednesday
Feb092011
Emini Futures Trading / Fed Admits Policy Not Working
February 9, 2011 at 9:17 PM E-Mini S&P 500 faces headwinds!
The E-Mini S&P 500 attempted to lurch forward as Bernanke spoke about fears of inflation! He stated to the House Panel that 9 % Unemployment was simply too high and the rate of inflation too low to stir away from the current policy stand. Coca Cola and Walt Disney reported strong earnings today holding the market on course. Bank of America also rose toward the end of the day allowing the market to drift higher. Clearly the market lacked some direction today! A breeze of economic reports were missing today, anchoring the E-Mini S&P 500 enough to pause at $1322.00. The E-Mini S&P 500 still is in an uptrend. The low of the day was $1311.75. The close was $1319.25.
Tuesday
Feb082011
Bernie Madoff With Chump Change Compared To This Swindle
February 8, 2011 at 9:44 PM Oh Ben... what would your mother say?
I've written about this issue before. But given the enormity of what it entails, it's worth repeating. The following paragraphs are the REAL reason Bernanke does what he does no matter what any other media outlet, book, investment expert, or guru tell you.
Bernanke is printing money and funneling it into the Wall Street banks for one reason and one reason only. That reason is: DERIVATIVES.
According to the Office of the Comptroller of the Currency's Quarterly Report on Bank Trading and Derivatives Activities for the Second Quarter 2010 (most recent), the notional value of derivatives held by U.S. commercial banks is around $223.4 TRILLION.
Tuesday
Feb082011
Tuesday
Feb082011
Tuesday
Feb082011
Emini Futures Trading / I Climb Therefore I Am
February 8, 2011 at 7:49 PM E-Mini S&P 500- the little market that could!
The E-Mini S&P 500 just keeps chugging a little higher every day! There were no major economic reports out today. Mergers and Earnings fueled the upward move to a certain degree. Kindred Healthcare Inc was involved in the potential acquisition of RehabCare Group Inc. which should make it sort of a mega long-term care facility in health care. 72% of the reported S&P 500 companies were good out of the half in so far. McDonald’s Corp was up 1.1% to $74.22 before the open. China’s Central Bank initiated a rate hike, the 2nd in over a month. They institute these hikes to control potential inflation. The Lunar New Year ends tomorrow morning.
Saturday
Feb052011
Emini Futures Trading / 8 Charts As Promised
February 5, 2011 at 11:14 PM It's Saturday night (and late once again) but I promised you 8 charts last night so here they are. If you did not read the post from last night, these charts will not make a lot of sense. Read the Friday night post first....... then look at these charts.
(ps. the parade was AWESOME!)
Saturday
Feb052011
Emini Futures Trading / Jobs? Recovery? Hope Is Not A Plan!
February 5, 2011 at 12:07 AM There was a Job’s Report Today???
The highly anticipated Unemployment report came and went. The bottom line, the Unemployment rate unexpectedly dropped to 9.0% in January but the nonfarm payrolls added only 36,000 jobs missing expectations. After the number was released traders were confused at what side of the trade to take. Initially we had a sharp run to 1308.50 then a sell off to the daily pivot at 1300.75. Back and forth until we broke to new lows as news out of Egypt reported the U.S. government was or may be pressuring Egyptian President Hosni Mubarak to resign. Good thing/Bad thing? The SP EMINI sold off on the news putting in a low of 1298.00, the dollar strengthened, gold lost its strength and crude oil dropped 1.67%. However, like the Energizer bunny the SP market digested the news and closed near the upper end of the trading range forcing the early sellers to cover. In the end the SP EMINI produced a 10 pt. range from high to low………..zzzzzzzzzzzzzzzzzzzzzzz
