Tag Archives: S&P 500 Futures
Risk On?…GDXJ
Looks like the S&P wants to show us the 1170’s today. Buy the GDXJ @ the market with a 34.30 stop.
S&P 500 Futures
1176.70 will become pivotal support the first time down today. A weekly close (Tomorrow) over 1206.75 is needed for an outside reversal week to the up. In the meantime trade what you see…you’ll get your opportunities both ways again today. … Continue reading
8/24/11
We traded 1160 in the S&P 500 Futures and rejected the level the first time up. This is exactly the price action I’ve been looking for since late last week. This dance will now continue with new highs into the … Continue reading
Risk On?
I’ve been flipping through the chart patterns of many well known names. CAT,OXY,FCX,BHP,DIG,DE to name a few. For the most part all these patterns are very similar to the S&P 500 Futures. The Spu has gotten the stops over yesterday’s … Continue reading
Punters Alert…(BAC)
I am going to place an order to buy some BAC ” Bank Of America” @ $2.60. I’m fishing for a double bottom off the 2009 low. Don’t bet the farm but it’s worth a shot. If you aren’t equipped … Continue reading
S&P 500 Futures…U.S. Dollar…SPU/BONDS
So far it’s been an opening range trade. Sustaining above this level (low 40’s)…1160.50-1182 is the area that crushes the longs again and will provide Bears with a place to look for reversals and selling opportunity. If we see these … Continue reading
SPU/BONDS…General Price Action…GS
The first question: is today’s high in the Bonds and the Low in the S&P it? We know that it was a great place for a reaction trade, the Bonds will now try to seek out an eventual 138 print ( which … Continue reading
Price Action SPU/BONDS
Day Traders… I am personally in no mood to bottom pick, however I would pay attention to the 1150 level in the Spu and 139.18 in the 30 Yr bonds to see if any contra trend trades are generated off those levels … Continue reading