Tag Archives: S&P 500 Futures
A.M. Look 5/27/31
We got the 2 day rally in the equity indices I was looking for. The Spu printed last weeks close, which was the price action I was expecting. The Bulls would like to see a weekly close over 1335 to … Continue reading
A.M. Look 5/25/11
Risk off continues with Short Euro or Aussie vs. Long Gold. Gold and Silver are both lower on the month and extreme care should be taken watching your short term technical levels. The concern being that with the U.S. Dollar … Continue reading
A.M. Look 5/24/11
Be patient today and wait to trade on your own terms. 141.60 ish Euro seems a low risk level to try and sell today with a tight stop. It is a little early to tell whether or not the Spu … Continue reading
S&P Pit Monthly Chart
You can see that a close below 1290, last months low,is needed for an outside reversal month to the downside. It’s also the 2/3rds of the short swing. A close below this level and I would expect a new low … Continue reading
A.M. Look 5/23/11
Levels to watch this a.m. SPU…1308-11 Euro…139.65…139 AUD/USD…105.04 ( last weeks low)…103.58 OIl ( 98.30) on the first rebound back up. These are the initial support and short term tgt levels. This is a market where you want to be … Continue reading
OIL…SPU…Gold
Oil is in a big range between 95.75 and 100.80. I should have left well enough alone this week. Right now the miners and the oil are keeping the indices buoyant. My strategy is to take the small loss in the SPU for … Continue reading
SPU/BONDS…OIL…JJG
Keep selling rallies in the S&P 500 Futures. We exited our last shorts around 1326. We just put a few back out this a.m. and will be selling the futures @ 1337-8 if they rebound again with a 1345 stop. We will … Continue reading
A.M. Look 5/20/11
Current holdings are a 50% position in the JJG which was initiated May 12th against the 200 day moving avg. We have taken a piece of this trade off each of the past 2 days. Many of you long term investors still … Continue reading
SPU/BONDS
You saw a nice reaction off the LEI’s ect. in the spread. The low in the bonds and the highs in the spu today are significant #’s. Price action in the S&P below 1334-5 and above 124.13 in the 30 … Continue reading
A.M. Look 5/19/11
The yen crosses are telegraphing more risk on trading early. A weekly close over 116.94 in EUR/JPY puts in an outside reversal pattern to the upside. This area along with 123.80 in the USD/SGD ( Singapore Dollar) needs to be … Continue reading