Tag Archives: S&P 500 Futures
SSO…S&P 500 Futures…RISK ON
I am going to give it a go for Risk On. Buy the SPU or the SSO with a stop below today’s low.
A.M. Look 8/11/11
The price action is pretty grim for the stock bulls. This weeks SPU low of 1097 is a 30% correction from the 2008 low. We could of course hold here, however my interest gets peaked 80-100 points lower in the … Continue reading
General Market Price Action..S&P 500 Futures
Everything is a big day trade with 15-20 point swings now the norm.. Bigger swings will be app. double that, with 80 points being a big standard deviation move. Always pay for your trades and do not lose money.
A.M. Look 8/10/11
SPU…1178-86 is the key resistance level. Only a close over 1187 will have me thinking the worst is over. Many instruments completed multi-year swings or came close Monday night into Tuesday. OIL, CAT are stand outs. AAPL..old resistance become support … Continue reading
8/9/11
Last night’s lows in the Oil came very close to completing a 50% re-trace from the 2008 low of $33. Aussie…102.88 will become pivotal.. The SPU & NASD will continue to be highly volatile….SPU/BOND spread was almost enticing last night … Continue reading
8/8/11
The S&P retested Friday’s low early last night putting in a double bottom pattern on the point & figure charts. If this area is violated we will start moving in roughly 20 point increments, possibly as low as the mid … Continue reading
A.M. Look 8/5/11
Gold & Silver…yesterday’s lows were great in both. Now we have to see if we hold those lows on the unemployment #( which have typically been the lows for the rest of the month). Moreover, the gold needs to close … Continue reading
S&P 500 ….Price Action
The Spu took out yesterday’s low and trapped the shorts once again. If your view is Bullish, a new low is your stop. You will need all new price action over 1240 for confirmation.
Stocks… S&P 500
That was a nice rally to nowhere in the SPU..We’re caught between 1237-48 for the moment. Investors who bought OXY and AAPL should use a break-even stop SPU starts heading south, we’ll see the 1188 area.
A.M. Look 8/4/11
I wrote the Bulk last night…. Obviously ETF Traders were hamstrung until this a.m. S&P 500…Today we’ll look for price rejection in the mid 1270’s the first time up. The pit 200 day is app 1283. A lot of good … Continue reading