Tag Archives: Stock Indices
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
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
AAPL…Nasdaq 100
General price action: As long as AAPL keeps holding 355 the Nasd 100 futures looks to hold the 2030 area. We’ve been down there 3 times and held. All the Indices price action stinks! AAPL is the beneficiary of a … Continue reading
A.M. Look 8/19/11
Risk Off is still in full swing. I do not expect any change in that footing today. New lows or highs in any instrument are not to be chased or pressed for direction!! Nasd 100 Futures…2030 ish is the big Fib … Continue reading
A.M. Look 8/18/11
The Board is all Risk Off this a.m. For now I will be content to watch for a bit to see if there will be a low risk spot to participate a little later in the day. Model Trading Portfolio…Current Positions … Continue reading
A.M. Look 8/17/11
Today will be another very technical day of trading the stock indices and the bonds. In currency land the Swiss Franc is of most interest. Last night it made another attempt to breech 80 USD/CHF. Closing over this level would signal … Continue reading
A.M. Look 8/16/11
I have no great ideas this a.m., just a couple general observations: USD/CHF looks to need back over 79 USD/CHF ( app 126.75 futures) for the board to have a risk on footing. AUD/USD & EUR/CHF highs yesterday were both … Continue reading
S&P 500…SSO
Just a reminder we will be taking 50% of our profits off the table by the close! I will leave it up to you to see if we get one more push up in the last 30 minutes of NYSE … Continue reading
General Price Action…Stocks
We’re going into the end of this capital flow in the next few minutes. Those wishing to be extremely conservative should take 25% of your longs off. The afternoon can be a whole new ball game. The market will need … Continue reading