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Saturday, February 28, 2009

Day trading, accelerated declines and the dollar.

Tested the floor 738.50 and we closed underneath. This really isn't capitulatory volume. Would expect to see the volume to increase to at least 3 million shares.

We have lower highs and lower lows coming on.
News is not the best.

Universal Health care is a benefit bestowed upon a nations citizens when the economic environment is good.

The first two nails in the economic coffin of Real Estate and Banking (including financials) have already been driven in firmly. If we add to that Universal Health Care, Bonds, Insurance and Financial Derivatives, this year looks like it could drive our recession further.

How long will the Dollar hold and Deflation work to our benefit? This is the point of accelerated declines in the market.



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Communism and socialism are jealous of the US

Nationalization, funny how the communists, socialists and the rest of the worlds capitalistic bad guys are critisized for controlling their markets and exploiting their citizens. Shame on them.
It is intresting to take a look at this bear market compred to the previous. Not that past performance is indicitave of future performance….especially when there is social unrest and an inability to have good safe borders. We all know the Canadian side is fine.







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Day trading S&P 500 and Citi bank not nationalized, majority ruled

Citibank 1.6 billion Shares traded. This is a capitulation, the death throw of a corporation.



Well, we aren’t going to nationalize it but the Treasury will take 75% stake in Citibank knocking the investors value out the window.
Taking common equity. This basically gives us a value of 0 for the common stock. Preffered stock has no dividends, it is over.

Old Soviet Union is jealous.




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Daily Charts ES  S&P 500 EMini - Blogged

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Monday, February 23, 2009

Day trading S&P 500 day trading course return to lows


Hello Money Makers!! Today the ES hit a very important level at 739 which is the November lows. The volume did not pick up much at all as it got there but we will see what tomorrow brings. It has been taking its time getting down here and just riding down the daily bollinger band. We could see some capitulation if we drop below these lows with significant volume increase. We will see what they want to do with it. Take care out there and always trade with and honor your stops. Laura

Sunday, February 15, 2009

Day trading S&P 500 day trading course feb 15 daily chart




Levels of support, 795 is the break away price we are looking for.

799.75 to 806 will be a congestion zone

Point of control on the daily is 833.25










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S&P 500 day trading course S&P 500 emini futures Feb 15 weekly




We have been bouncing off this support for a few months.

Watch how the Asian and European markets react over the 3 day weekend.

Obama's dollars will be flowing soon, Market is acting suspicious as it keeps this range. we just had a reversal bar last week and a bit of a retracement.




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Monday, February 9, 2009

S&P 500 Emini futures Daily chart


Hi Friends, This is Laura posting this chart. I saw an interesting look at the daily today as we got back to the highs of 873 today. It looks as though we could be in an ascending triangle formation. The bottoms have come up from earlier in January and the resistance is holding at 873 to 875 area. If we do get thru there with some significant volume, our next target would be the highs in early January around 940ish. If we drop thru the lower trend line, our next target will be the lows at 740ish. Or we could just sit here stuck in this little formation for a while waiting. We shall see what the "big boys" decide to do with it. Be careful out there and always trade with and honor your stops!!!

Friday, February 6, 2009

Day trading S&P 500 day trading course feb 6 intraday chart

Day trading S&P 500 day trading course

Looking for 875.25 as a top side target.
Point of control is 839.25, we took off from here.

Chance of retracing to the 20 MA (in white) which would pull us donwn to 850-52 area.

869.25 will have some resistance.

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Day trading S&P 500 day trading course feb 6 weekly chart

Day trading course

looks like we could be heading to the 900 resistance line.bouncing off of Supporting tl.

Obama dollars to hit next week.



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Day trading S&P 500 day trading course feb 6 daily chart




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