Tag Archives: S&P 500 Futures
Risk On / Risk Off
The bots ( computers) are in control! Yesterday we missed the short side on the stocks. We’d like to put some out against yesterday’s high of 1352. Our current positions will be as follows: Short S&P 500/ Long 30 year Bonds futures, Long … Continue reading
A.M. Look 5/12/11
For day-traders it will be another opportunity filled day ( pick your poison and your level wisely). Yesterday we bought the 30 year bonds with a 6 tick stop which we thought at the time was the lowest risk side … Continue reading
JJG ETF..Pattern Alert…Commodities…Metals…Risk Off
50.56 represents a double bottom on the weekly charts in the JJG ETF. If this level is given we expect to see 48.60 for a start. This is a price action look. You have to ask yourself if the destruction … Continue reading
A.M. Look 5/11/11
The big game in town this week continues to be the shorting of the Euro against the metals and the commodity currencies. Day traders should pay particular attention to this SPREAD as legs get lifted at technical levels.(the metals being … Continue reading
Euro…SPU
143.14 represents a double bottom on the weekly maps for now. The next level down is 142.50 followed by 141.50. SPU needs under 1334-32 to show more weakness and the resistance is now 1345-6.
A.M. Look 5/9/11
The commodities are all back with a vengeance since the opening bell last night. Trading should be viewed as technical for the next couple of weeks. Focus on buying any good “big break” where you can manage your downside. Keep … Continue reading
SPU
Right about now everyone should be thoroughly disgusted with the fact I wet myself at the high of the day in the index and took the money.( yes we all do it) The stock indices are all failing. The big … Continue reading
S&P 500 Futures…Spu
We are closing the short side of this trade out @ the market.
Time Frame Trading
You have a double bottom in the Spu @ 1332 matching a very big level in OXY of 105.44….These need sustained price action back under to follow through, don’t get caught short in the hole. The end of this directional … Continue reading
Metals…S&P 500 Futures…Spu
We’re long Gold and Silver Etf’s ( GLD & SLV) against our short Aussie. I would need to see the Silver back above 38.25 in the futures to hold onto this leg. There is massive selling of the Euro and … Continue reading