Entries by Editor (848)
Emini Futures Trading / Markets Firm Up On Globex
March 10, 2011 at 8:26 PM E-Mini S&P 500 takes nose-dive on tidal wave of pressure!
The E-Mini S&P 500 while floating in the coil this week lost its buoyancy sinking past its previous support levels. Will this be a “bounce dive” where it drops to the bottom temporarily and floats back up immediately or is this a technical break that may need to retrace to $1206.00? The market is up about 25 % since September. Perhaps a major retracement will be necessary. Yes, perhaps today was our “perfect storm” as the Initial Jobless Claims grew, the Trade Balance widened, our Trade with China was slack, China’s Trade Deficit grows, Moody’s downgraded Spain and the Libyan President Maummar Gaddafi led a wave of attacks on the Libyan Rebels as World Leaders look on. The Muslim World is a place for the US to tread lightly as any intervention may be construed as an invitation to retaliate on our soil.
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Emini Futures Trading / Big Move On Tap
March 9, 2011 at 5:40 PM “Coiled up” and ready to burst???
The E-Mini S&P 500 seems coiled up and ready to burst or spring! The market seems perplexed today as the narrow range portrays an apprehensive market that is awaiting a cue. Perhaps, E-Mini S&P 500 traders are having difficulty interpreting the data on the Crude Oil as Maummar Gaddafi holds his tenure while the Libyan Rebels continue with their plans to oust him. The battles are still going on as the US can only look on as our goal is to walk softly in the Muslim World. Our interference may lead to repercussions on our soil.
Emini Futures Trading | Inside Day
January 4, 2011 at 12:20 AM Inside Day today leaves speculators uneasy! Yesterday, we were off to a great start with the E-Mini S&P500 reaching a high of $1272.50. Turn-around Tuesday somehow lacked the enthusiasm. We fell short of the optimism hitting a high of $1270.00. Note the low of the day was still higher than yesterday; hence, an “Inside Day”! Analysts may view the day as profit-taking as the extension yesterday from the December bullish trading in the E-Mini S&P 500 warranted some profit-taking. Another thought may be that the tangibles such as Crude Oil and the Agricultural Markets may have been pressured by the stronger US Dollar. Factory Orders rose, but the Federal Reserve Officials still find the economic recovery weak. The major concern is still unemployment. Until we see a sustainable growth that employs the varied sectors with full-time work, we still are vulnerable.
Tomorrow, we look forward to ISM Non-Manufacturing Index at 9:00 AM CST. The market seems to look forward to the Initial Jobless Claims Thursday to confirm any bullish sentiment.
Emini Futures Trading | The January Effect
January 2, 2011 at 8:00 PM Let’s talk January effect! Each year we look for it! It is a calendar motivated market move to study. It is based on price behavior seasonally expecting the stock market to trade lower in December and increase in January. It does not always work out. One basic theory is that for tax purposes, speculators may sell their positions in December and re-establish them in January. We kicked off the 1st trading day of the year with a high of $1272.50 for a high (Note the high of our CFRN Weekly Trade Zones)! Besides the technical points, US Manufacturing grew to 57 from 56.6 in November showing a steady 17 month rise. Construction Spending came in higher as well confirming a bullish sentiment for the day.
Emini Futures Trading | Rare Statistical Anomaly
December 22, 2010 at 12:34 AM The Energizer bunny keeps going and going and going……With help from the energy sector and a few economic reports today, the SP EMINI ground out another new high. Crude oil and products were lifted with a drop in inventories today. Crude regained the $90 level and that lifted energy stocks. 3Q GDP was the first report that came out today with mixed reviews. The commerce department reported growth in the 3rd Quarter expanded at a 2.6% pace however the street was expecting closer to 3% growth. Experts say we need growth to be higher in order to get the unemployment situation under control.
