Tag Archives: Stock Indices
A.M. Look 12/15/11
Today is the last day for Dec. Stock Index Futures to trade. This day in September the close was 1204 in the S&P 500 expiring futures. Yesterday’s comments for Day Traders should be reviewed! Utilization time! We were looking for … Continue reading
A.M. Look 12/14/11
EUR/GBP…This cross looks to be headed for 82. Dollar Index….80.43 is the Oct. high .By maintaining prices over 79.27, this looks to be breaking out on a qtrly chart. Meaning a stronger U.S. Dollar. SPU’s…The March contract still looks like it … Continue reading
AUD/USD….Aussie Dollar
Fib matches come in @ 100.30-50. This is a level to match up with a possible low in the Equity Indices. Watch for overall market tone. Aussie and the Indices generally move in the same direction. The Aussie was the … Continue reading
EURO…SPU
Euro…135.25 is near term resistance. Stops are resting over 135.70 which would tgt 136.10-20. SPU…1235 was a descent place to take a rest. Trade your time frames.
Index Futures…Pattern Alert…Pit Sessions
A close below 1182.50 Chicago Pit session is needed for the Coup De Grace. 1182.50, 1176 then 1171 are levels that will react like the 1197.50-1206.50 on top. In other words, new shorts are unlikely to get rewarded at those … Continue reading
A.M. Look 11/29/11
In two years, this is a first for me…I’ve placed yesterday’s comments below. The levels have not changed. The game is still day trading the spread “Long Spu’s /Short 30 Yr. Bond”, while matching up your levels in the currencies … Continue reading
A.M. Look 11/28/11
SPU…The big zone on top is 1197.50-1206.50. Expect price rejection the first time up. Bears…this is a good spot to try a short with limited risk. ( sell them before you buy them at this area) Aussie…100.50-60 should line up … Continue reading
Spu’s
Today’s End Game…. A close over 1197.30 @ 3:15 Pit session “Chicago”… This would put in a daily outside reversal pattern to the upside, trapping all the Bears again. The pattern foreshadows a “Risk ON” signal …possibly, with follow through … Continue reading
OIL…Related ETF’s vs Equity Indices
The Oil is up…so ask yourself what’s up with OXY,DIG,XLE,OIH et al? Presently, they are all lagging! Watch for some leadership for the next intra-day swing. They’ve already tried the Equity Indices both ways early. We are not going to … Continue reading
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