Tag Archives: S&P 500 Futures
A.M. Look 11/18/11
Euro…It’s caught between 135.50 and 134 ish. A momentum close is needed either way, above or below, for a short term signal. Oil…100 is short term resistance. If the board goes Risk Off again. 94.50 could be revisited. Gold…we’ll need … Continue reading
Risk On Looks Dead
Time to take what we have in any Risk On trades. We are closing out All long positions including Gold and going to cash. The Bonds are still ok, but this is just one more instrument that is a much better day … Continue reading
A.M. Look 11/17/11
I’m feeling like I’m in a bad B movie, and Boris Karloff has strapped me to the rack in his torture chamber. OIL…Needs all new strength over last nights high or under 101.50 for weakness. Gold…We’re standing pat for our … Continue reading
A.M. Look 11/16/11
EURO…135.50-80 on top…133.90-134.14 below( natural support) which is last years close matching Fib support ( half way back from the June 2010 low). Once closing under the yearly close, 132.50 seems the next area to test. This simply means to … Continue reading
On the menu for Today
Jeffrey Lacker Speaks ….11:15 AM ET Richard Fisher Speaks…12:30 PM ET There are still two more speakers to go today.. I would expect nothing but market positive statements to continue! Day traders looking to fade the tape today, for a … Continue reading
GOLD…Stops
The point & figure charts show the Gold needs all new strength over 1787-89 to start another leg up. This pattern does not preclude the possibility of another trip to the low 1760’s. We’ll raise out 1747 stop close to 1760 … Continue reading
A.M. Look 11/15/11
It’s not a good morning for the risk on crowd. We would have been much happier if we just sold the Euro as a hedge against our portfolio. Short Euro/Long Gold..has been working for a while. Short Euro/long anything seems … Continue reading
CAT…IBM
The CAT high matched the first interim high in the Equity indices today. Now IBM needs to hold in here. All new strength is needed over 190.50 for the Equity indices to remain buoyant, and start a leg up. If … Continue reading
CAT
97.95 is a level that should be monitored for general market tone today. This area shows a “daily” double top from the end of Oct. as well as matching up with the 200 day Mvg Avg.