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Showing posts with label support and resistance. Show all posts
Showing posts with label support and resistance. Show all posts
Sunday, January 4, 2009
Sunday, November 9, 2008
Sunday, October 5, 2008
Thursday, October 2, 2008
Monday, September 29, 2008
Sunday, September 28, 2008
Friday, September 26, 2008
S&P 500 emini futures weekly chart with support
Intresting how we can see some of the same levels especially with the 1100 suppport and the 1050 target.
Monday, September 22, 2008
Thursday, September 18, 2008
emini dow trading no more AIG on the DJIA
No more AIG on the DJIA. The Dow Jones removed IG from three benchmarks, the Dow Jones Industrial Average; its Dow Jones Global Titans 50 Index; and Dow Jones Insurance Titans 30 Index.
They mentioned it is because of "Financial Distress"
You think?
Put this together with the fire sales going on and where do you think the market is heading?
We have had alot of intervention. Do you think the intervention will change over time. Maybe letting individual companies fold rather than being taken over by the government.
We shall see.
They mentioned it is because of "Financial Distress"
You think?
Put this together with the fire sales going on and where do you think the market is heading?
We have had alot of intervention. Do you think the intervention will change over time. Maybe letting individual companies fold rather than being taken over by the government.
We shall see.
Central banks, the fed and more money into the pool
Overnight Central Banks around the world, including our Federal Reserve, almost quadrupled the amount of dollars central banks can auction around the world to $247 billion in a coordinated bid to ease the crisis.
The Fed increased the amount of dollars that the European Central Bank, the Bank of England, Canada, the Bank of Japan and other counterparts can offer from $67 billion ``to address the continued elevated pressures in U.S. dollar short-term funding markets.'' Investors stockpiled money on concern more financial institutions would fail after the bankruptcy of Lehman Brothers and the problems with AIG. The cost to hedge against losses on U.S. government debt climbed to a record yesterday.
Watch yourelf out there.
Emini Trading Coach
The Fed increased the amount of dollars that the European Central Bank, the Bank of England, Canada, the Bank of Japan and other counterparts can offer from $67 billion ``to address the continued elevated pressures in U.S. dollar short-term funding markets.'' Investors stockpiled money on concern more financial institutions would fail after the bankruptcy of Lehman Brothers and the problems with AIG. The cost to hedge against losses on U.S. government debt climbed to a record yesterday.
Watch yourelf out there.
Emini Trading Coach
Wednesday, September 17, 2008
Wednesday, September 3, 2008
Sept. 3 S&P 500 emini futures daily chart after hours
We are very propped up the Fed gave us a very light reading on the market. There is so much going on from Credit, inability of lenders to lend because of underwriting and we are going into the worst part of the Real Estate Market sales season.
Oil is loosing its catalyst of market movement, we shall see some large energy funds close out and give their investors a little money bank.
We are in a very tight trade channel, and when it successfully breaks out it we could see some very violent moves.
Oil looks like it is at a low so we shall see.
Dollar is also holding its strength.
Monday, August 25, 2008
Wednesday, August 20, 2008
Aug 20 2008 Emini S&P 500 futures ES hourly close
Stayed in the range. Tomorrow could see it close the gap.
Monday, August 18, 2008
Aug 18 2008 Emini S&P 500 futures ES hourly
Still have three open gaps. Supporting green lines, showing a little strength, we could see it bounce up take out the target and then make a run for new lows.
The 200 ema could add a bit of support to price.
Watch out for low volume pushes that move rapidly. Not many big players putting on positoins. Nothing over a thousand today.
Little bit of news tomorrow. No big suprises except for a banking news.
Tuesday, August 12, 2008
Aug 12 Daily chart SP 500 emini futures
S&P 500 has followed the support trend line in this move up towards the 1322.5 open gap and the 50% retracement.
Today's close will be the key for this continuation of the midterm retracement. Below 1280 and we will probably be heading back to the lows.
Monday, August 11, 2008
August 11 S&P 500 emini chart
I am still looking for the close of the 1322.50 target.Oil is making it easy for this market to move. I am expecting to see $107 a barrel. Lets see how long it will consolidate down here.
Euro is also loosing strength, expecting to see it head to 143 over the following months.
Gold will also see $810 area. Dependant on news and Israel and Iran's ability to get along.
Expecting to see a quite period for the next 10 days and then some break out movements in the market.
Don't fall in love with the upside.
Thursday, August 7, 2008
Aug 7 hourly with levels and targets S&P 500
Looks like the market is following the trend, 92 will be the key.
Levels are posted. Could we be getting the spring to take out the previosly posted open gap at 1335. We shall see.
For all the news that hit the market today the reaction was quite mild.
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