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Friday, December 19, 2008

S&P 500 day trading S&P 500 emini futures Dec 19 am

Looking for it to fill the gap at 83

Chance of making a H&S,
who wants to hold in to the weekend?

is this the end of the Christmas Rally?

Low volume, watch out for fast moves.

Monday, December 8, 2008

S&P 500 day trading emini futures system Dec 9 daily chart


Daily chart for S&P 500 emini futures.
Lookng for a max target of 944 to 950 and possilbe break down to 840

S&P 500 and the economy Obama's pledge

Stocks rose around the world, sending the Standard & Poor's 500 Index to a one-month high, as President-elect Barack Obama pledged to boost the economy with the biggest public-works spending package since the 1950s. Obama said Dec. 6 he will boost investment in roads, bridges and public buildings to create or preserve 2.5 million jobs after companies cut payrolls at the fastest pace in 34 years.

Traders increased bets the Fed will lower its target rate on overnight loans between banks to 0.25 percent from 1 percent on Dec. 16 after companies cut workers at the fastest pace in 34 years in November. Futures contracts on the Chicago Board of Trade show 76 percent odds of a three-quarter-percentage point cut, up from 26 percent a week ago.

The U.S. is starting to look like Japan in the 1990s, when the Bank of Japan struggled to revive growth as the combination of deflation and recessions stranded the nation in the so-called Lost Decade. Yields on Treasuries are falling as the government sells a record amount of debt to prop up the American economy.

S&P 500 Emini Futures Day trading live

Tuesday, December 2, 2008

S&P 500 day trading course Dec 2 live room


Descending triangle with support at 822.50.
Crash level will be 654.75
Still no capitulation, just an exhaustive market. These rallies are all sold off.
Will automakers get stimulus package with workers at $70 an hour? Having to guarantee bonuses?
if we work our way up to the 850 mark and can close the gap at 894.50 there is a chance for an inverted H&S.
Doubt it though as Market Makers have crushed every rally.

Day trading S&P 500 emini futures live trading room and day trading course's Fan Box