S&P 500 day trading sp500 emini futures coach Nov 5

Obama rally could be under way.

S&P 500 day trading emini futures education coach Oct 27 sp500

S&P 500 day trading coach emini futures levels for October 27th.
855 is the point of control
837.25 is area for break down watch for volume pressure on approach.
819.75 is major support then 801-3. If we get to this level the sell off could reach capitulation levels. Looking for 8 million.

S&P 500 Emini futures coach intraday oct 3 trading education

S&P 500 Emini futures support and resistance Sept. 9

S&P 500 Emini futures support and resistance Sept. 8 chart

1279, break out to 1303
1272.75 is the point of Control for direction
with a little momentum when we come off the highs watch out. Could be a sell off and head to

1260.75 watch volume on approach because from here it is a long way down.

S&P 500 Emini futures support and resistance Sept. 8

S&P 500 Emini futures support and resistance Sept. 5

July 24 S&P 500 hits bottom target

Here we are running back on our wonderful rally. We have a 34 point range today. Needless to say it was a very heavy trend.

Selllers were committed most of the afternoon. Dependant on the gap in the morning lets see how we can play it. if we gap down and shoot through 1240 then to the 20's we go.

I don't see where the support is going to come in as hedgies have loosed their positions in the financials again. Remember our memorandum from to days ago no shorting the banks unless you have an agreement borrowing those stocks.

Shall be exciting because it will be setting the pace for the following week.

S&P 500 Emini Weekly chart

This is the weekly chart for the S&P 500 Emini. As you can see we have a trendline just under 1233 with another area of support at 1213. I expect us to test it this week as the Dow approaches 11,000.

Watch for some major support and buyers to come in in the the 1213 area, from here we have a nother 30 points to go for the next major support. We are also watching to see if we get new lows on the RSI for a continuation on this move.

European Central Bank raises rates ahead of Fed

Treasury 10-year notes rose after the National Association of Purchasing Management-Milwaukee manufacturing index dropped to its lowest since October 2001 and stocks of several financial firms fell.

Citigroup Inc., Merrill Lynch & Co. and Lehman Brothers Holdings Inc. were among the firms that declined. The purchasing association's monthly index of regional manufacturing fell to 39, its fourth straight month below 50. A reading lower than 50 means the number of manufacturers that said business deteriorated was greater than the number saying it improved.
Treasuries earlier fell, extending the biggest quarterly decline since 2004, as inflation in the euro region rose to the highest in 16 years and oil advanced above $143 a barrel.
The retreat pushed 10-year yields up from a three-week low after a European Union report showed the rate of euro-region inflation climbed to 4 percent, bolstering the case for the European Central Bank to raise rates. Why are they ahead of us?

Crude oil for August delivery rose as much as $3.46, or 2.5 percent, to $143.67 a barrel in electronic trading on the New York Mercantile Exchange. It reached $142.99 a barrel on June 27 after the Fed left interest rates unchanged at 2 percent. The market continues to struggle with what to do with the rise in oil.

S&P 500 moving down, will test lows.

Treasuries gained, poised for a weekly increase, as traders pared bets the Federal Reserve will raise interest rates this year amid signs stress is returning to the financial sector. The cost of protecting corporate bonds from default rose to the highest in two months. Lehman Brothers Holdings Inc. forecast that Fannie Mae and Freddie Mac, the two largest sources of U.S. home loans, may lose money in the second quarter as the housing market deteriorates, and Merrill Lynch & Co. said regional bank stocks are in ``capitulation mode.'' Oil rose after the New York Times reported an Israeli military exercise last month appeared to be a rehearsal for an attack on Iran's nuclear facilities.

Traders see a 90 percent chance the Fed will leave its 2 percent target rate for overnight lending between banks unchanged at its meeting on June 25, up from 78 percent a week ago, futures on the Chicago Board of Trade show. The rest of the bets are for a quarter-percentage point increase.

U.S. stocks fell, extending a third straight weekly drop for the Standard & Poor's 500 Index, which declined 1.3 percent, after analysts said worsening credit losses will reduce earnings at financial companies. Europe's Dow Jones Stoxx 50 Index lost 1.2 percent.

SP 500 June 20 5 min intraday

Economic News

U.S. Mortgage Delinquencies, Foreclosures Rise to 29-Year High. According to the Mortgage Banker's Association, new foreclosures rose to a seasonally adjusted 0.99 percent of all U.S. home loans, the total inventroy of homes in foreclosure increased to 2.47 percent and the delinquency rate, loans with one or more payments overdue, grew to 6.35 percent.
Rates on 30-year mortgages edged up last week to the highest level since March as investors worried about inflation threats. Freddie Mac reported Thursday that 30-year fixed-rate mortgages averaged 6.09 percent, compared with 6.08 percent the previous week. It was the highest mark for 30-year mortgages in 12 weeks since averaging 6.13 percent the week of March 16.

U.S. Payrolls -49K, Unemployment Rate Climbs to 5.5%, after payrolls fell 28,000 in April and 88,000 in March. The unemployment rate, which is calculated using a separate survey of households, jumped 0.5 percentage point to 5.5%, its highest level since October 2004.
Real-Estate Woes of Banks Mount: Lenders Dumping Bad Loans at Discount; Regulators See Losses Continuing. Federal regulators warned Thursday that banking-industry turmoil would continue as financial institutions come to terms with piles of bad loans they made to finance the construction of homes and condominiums, which in turn could lead to billions of dollars in fresh losses.

Household Net Worth Fell 2.9% in 1Q08, the Most in 5 Years. According to our Federal Reserve, stock-market losses and falling home values in the first three months of this year led to the largest quarterly drop in the net wealth of American households since 2002.
Standard & Poor's said the number of entities at risk of having their ratings cut hit a new record of in May as a "material slowdown" in housing and consumer activity amid still-tightening lending conditions continues to deteriorate credit quality.
Mortgage applications in the U.S. last week dropped to the lowest level in six years, reflecting less refinancing as interest rates jumped.
ReconTrust, a unit of Countrywide, filed a notice of default on a $4.8 million Countrywide loan backed by Ed McMahon's home, who is $644,000 in arrears.


Goldman, the most profitable securities dealer, and Lehman, the top-ranked bond research firm in Institutional Investor's annual survey for eight years, bet the economy is too weak to spark runaway inflation and an increase in the Federal Reserve's target interest-rate for overnight loans between banks. Though futures traded on the Chicago Board of Trade show a 67 percent chance policy makers will boost the fed funds rate by year-end, they haven't started to raise borrowing costs with growth below an annualized 2 percent rate since 1980. The capital markets are underestimating how sluggish the economy is going to be. Any tightening priced into the fed funds futures market is premature at this stage of the game.
Fed Chairman Ben S. Bernanke said in an address June 4 at Harvard University in Cambridge, Massachusetts, that data showing the public expects price increases to accelerate is a ``significant concern'' for the central bank.

The case for an increase became weaker on June 6, as the Labor Department said that the unemployment rate surged to 5.5 percent in May from 5 percent in April. The gain was the biggest since February 1986. The economy is not performing at a rate that even remotely suggests they should raise interest rates along the lines that the markets are implying.

The Only way we will get oil under control is to raise Intrest Rates. Protect the dollar.

SP 500 daily May 19 after close

Where will we go. A gradual asceding wedge hitting the 200MA. Accumalation getting tighter and tighter between out trend lines. Volume is flat for the past week. 7 green candles in a row with alot of unsupported price in the highs.

Daily SP 500 March 16 after Fed

Watch out, today could be the next Black Monday.

This has some support but would it hold. Heard a very interesting conversation that Since the Fed has made funds available to the trading houses that they are shorting their own stocks.

Good to know they can borrow the money to short their own stocks considering how poorly they are doing with the Sub prime.

Crash Levels

Well if JP Morgan picks up Bear Stearns for $2 a share there will be a few rather pissed off billionaires who have just lost a couple hundred billion dollars.

I am expecting crash levels of:
1249
1212.50
1182.50

This is quite a volital time, be prepared to see big swings on News.

Trade what you see.

The daily SP 500 Jan 28 After hours

This is how it looks. We gapped down quite a bit here. Open will be tumultuous.

Traders see a 30 percent likelihood that Fed policy makers will reduce their target for overnight loans between banks by three-quarters of a percentage point to 2.25 percent at or before their next scheduled meeting on March 18, futures on the Chicago Board of Trade show. That probability was 14 percent yesterday. The rest of the bets are for a half-point cut.

Treasuries of all maturities have returned 3 percent since Dec. 31, the best start to a year since returning 4.1 percent in 1988, according to indexes compiled by Merrill Lynch & Co. The worst housing slump in a quarter century, combined with $146 billion in asset writedowns and credit losses at banks and securities firms worldwide, have driven investors to the relative safety of government debt. In the final three months of 2007, the average rate on a 30-year fixed was 6.29 percent. During the third quarter, the average rate was 6.6 percent. For many people who bought houses in 2006 and 2007, this month has been a chance to refinance.

SP 500 daily Feb 6 5 min after hours

Here is the after hours chart for the S&P 500

5 min bars, after the close

Looks like the news is not good no matter how much stimulus you put behind it.

Watch for the fall.

SP 500 collapse to the breaker

Looks like the S&P 500 will collapse to the breaker zone of 5% in overnight trading.

It will be set loose at the markets open.  

Watch out, it could be very volitale to say the least, the next breaker will be at the 10% mark and could be taken out very quickly.