S&P 500 emini futures day trading education coach levels of support and resistance for October 27, with break outs, break downs, point of control from live day trading room. Using the Money Maker Edge system. Trading live at Http://www.tradingonlinemadeEasy.com SP500 emini futures, Mini Dow, Oil futures, gold, and currencies.
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Friday, October 31, 2008
S&P500 day trading SP500 emini futures coach Oct 29
S&P 500 emini futures day trading education coach levels of support and resistance for October 29, with break outs, break downs, point of control from live day trading room. Using the Money Maker Edge system. Trading live at Http://www.tradingonlinemadeEasy.com SP500 emini futures, Mini Dow, Oil futures, gold, and currencies.
Day trading and the Economy from S&P 500 emini futures day trading coach
U.S. consumer spending tumbled in September and a purchasing managers' survey showed the biggest deterioration since 1968, foreshadowing a deepening economic slump. Consumers have thrown in the towel it seems. Some economists think that they have no choice but to cut back on spending in a very big way. There is speculation that this is going to be a fairly deep, long recession.
Job losses, increases in food and fuel costs and falling property values brought an end to the longest expansion in spending on record and made the economy the most important issue in next week's presidential election. The collapse in lending and sentiment this month indicate Americans will keep retrenching.
Treasuries rose, with two-year notes headed for the best month since February, as slowed consumer spending added to speculation the U.S. economy will continue to deteriorate and boosted demand for the safest assets. U.S. debt gained after a government report showed personal spending fell 0.3 percent in September, more than forecast, and the Federal Reserve's preferred measure of inflation cooled.
Futures on the Chicago Board of Trade show an 84 percent probability the Fed will reduce its target rate to 0.5 percent at its Dec. 16 meeting. The odds a week ago were zero. The rest of the bets are for a quarter-percentage point reduction.
Job losses, increases in food and fuel costs and falling property values brought an end to the longest expansion in spending on record and made the economy the most important issue in next week's presidential election. The collapse in lending and sentiment this month indicate Americans will keep retrenching.
Treasuries rose, with two-year notes headed for the best month since February, as slowed consumer spending added to speculation the U.S. economy will continue to deteriorate and boosted demand for the safest assets. U.S. debt gained after a government report showed personal spending fell 0.3 percent in September, more than forecast, and the Federal Reserve's preferred measure of inflation cooled.
Futures on the Chicago Board of Trade show an 84 percent probability the Fed will reduce its target rate to 0.5 percent at its Dec. 16 meeting. The odds a week ago were zero. The rest of the bets are for a quarter-percentage point reduction.
Thursday, October 30, 2008
S&P 500 day trading SP500 emini futures coach oct 31 online education
S&P 500 emini futures day trading education coach levels of support and resistance for October 30, with break outs, break downs, point of control from live day trading room. Using the Money Maker Edge system. Trading live at Http://www.tradingonlinemadeEasy.com SP500 emini futures, Mini Dow, Oil futures, gold, and currencies.
S&P500 day trading coach SP500 emini futures GDP falls
S&P 500 had a rally, the Point of control 944.50 was great for trading both directions.
The Advanced GDP for the third quarter fell by a less than expected -0.3% vs. the consensus forecast of -0.5% as consumers slashed their spending by 3.1%, the quickest spending reduction in 28 years and first drop in spending in 17 years. Business spending declined by 1%. The inflation measuring Chain Deflator jumped to 4.2% from the second quarter's level of 1.1%, largely stoked by record high fuel costs when oil reached a peak of $147/barrel in the third quarter.
The contraction in economic activity in the third quarter is a sign we are headed into a recession although the second quarter GDP showed a gain of 2.8%. By definition, it takes two consecutive quarters of negative GDP growth for the economy to officially be deemed in recession.
S&P500 day trading emini futures coach
The Advanced GDP for the third quarter fell by a less than expected -0.3% vs. the consensus forecast of -0.5% as consumers slashed their spending by 3.1%, the quickest spending reduction in 28 years and first drop in spending in 17 years. Business spending declined by 1%. The inflation measuring Chain Deflator jumped to 4.2% from the second quarter's level of 1.1%, largely stoked by record high fuel costs when oil reached a peak of $147/barrel in the third quarter.
The contraction in economic activity in the third quarter is a sign we are headed into a recession although the second quarter GDP showed a gain of 2.8%. By definition, it takes two consecutive quarters of negative GDP growth for the economy to officially be deemed in recession.
S&P500 day trading emini futures coach
Wednesday, October 29, 2008
Tuesday, October 28, 2008
S&P 500 Market capitulation Vs Exhaustion Oct 28 Double bottom.
After watching our double bottom come in the daily chart I see that the market has confirmed its previous bottom yet fail to see it as the turning point for a recovery.
Yes, there is alot of joy over the fed cuts, and possibly they are going to be priced into today’s rally off the bottom. I have posted a chart showing the volume, which is decreasing for the push down.
On the daily I was looking for a reversal bar yesterday, and a retracement to 942 over these next few days, 50% retrace on last swing h/L.
If we have an overly exhuberant market it would not suprise me seeing a retrace to 1008.
The 972.5 mark will be the 60% retracement for the ambush set up. An ambush occurs when the price retraces 61.8% and then reverses through the lower 50% retracement mark.
There is price divergence on the daily also looking at the last low and previous swing low, in fact the volume would make you think the previous move down was the end because of exhaustion vs capitulation. I prefer the capitulation side better. Cleaner recovery. This way it could be a long time till the market recovers.
8 million will be a sell off extraordinaire, a capitulation, that is what I am looking for as a capitulation in the classic sense Vs. the pitter patter decreasing volume on the daily giving us exhaustion. ON 10/10 when the pundits on cnbc said it was a capitulation I laughed because of the lack of a true sell off in terms of Volume, not price…..when they are in line then capitulation occurs. It is much lower in this market and with the intervention levels we are seeing I don’t know if we willl see it happen.
Consumer confidence at low, Fed to cut wed.
Stocks came roaring out of the gate this morning with The Dow up 300 points, but the rally lost momentum when The Conference Board's Consumer Confidence Survey came in with its lowest reading since the monthly surveys began in 1967. The Federal Open Market Committee (FOMC) is meeting today and tomorrow. Their Policy Statement is due for release at 11am tomorrow and it's widely expected that we'll see at least a 50 basis point cut in the Fed Funds Rate.
Monday, October 27, 2008
S&P500 day trading coach emini futures education Oct 28 levels
We can see that we are getting a descending triangle with the present area of support being the lows.
We could get a reversal bar off of the support from 825 with a retrace to 860 then a break down to new lows.
Our Breakdown level is 758.25
Fed funds rate moving, fed buying stocks and Dollar has taken off.
Overnight, the Nikkei lost almost 500 points, reaching a 26 year low. But, as was the case on Friday, U.S. equity markets did not fall as sharply at today's open. We'll see a stream of economic reports this week and The Fed's FOMC is meeting Tuesday and Wednesday... their Policy Statement is scheduled for release at 11am on Wednesday. Most analysts expect a cut in the Fed Funds Rate of 50 basis points, but don't expect such a move to calm market volatility just yet.
It will take more time for the market to digest the impact of the government action we've seen this month, including the Troubled Asset Relief Program (TARP). The TARP was originally designed to buy troubled mortgage securities from financial institutions, but instead the first $250 billion is being invested (sunk) in bank preferred stock. Mr. Paulson determined that buying bank stock would be an easier and much faster way to get capital to them than trying to convince the banks to sell him their bad paper at pennies on the dollar. Now he's hoping the banks will use this capital to make loans to "Main Street". Time will tell if it was the right move. Looking pretty dismal so far as all the moves up are sold off by institutional investors. The Market Makers are showing their position.
Also, heads up on the dollar as we are about to hit some resistance on its raise to the top of the currency bucket. Also realize that the Yen is at a major resistance point on many currency fronts. Asia markets have lost half of their values this year. We are watching days where some markets are loosing 5% or more. This money is all flooding into dollars.
This international meeting will be a little rally hoax and expecting bigger declines.
Oil and gold will keep declining with this pressure.
It will take more time for the market to digest the impact of the government action we've seen this month, including the Troubled Asset Relief Program (TARP). The TARP was originally designed to buy troubled mortgage securities from financial institutions, but instead the first $250 billion is being invested (sunk) in bank preferred stock. Mr. Paulson determined that buying bank stock would be an easier and much faster way to get capital to them than trying to convince the banks to sell him their bad paper at pennies on the dollar. Now he's hoping the banks will use this capital to make loans to "Main Street". Time will tell if it was the right move. Looking pretty dismal so far as all the moves up are sold off by institutional investors. The Market Makers are showing their position.
Also, heads up on the dollar as we are about to hit some resistance on its raise to the top of the currency bucket. Also realize that the Yen is at a major resistance point on many currency fronts. Asia markets have lost half of their values this year. We are watching days where some markets are loosing 5% or more. This money is all flooding into dollars.
This international meeting will be a little rally hoax and expecting bigger declines.
Oil and gold will keep declining with this pressure.
Sunday, October 26, 2008
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.
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.
Greenspan - I was wrong but I was right Fed and Debt
In his prepared testimony to U.S. lawmakers, the former Fed chairman Alan Greenspan, called the credit crisis a "once-in-a century credit tsunami" that will result in a significant rise in unemployment. He further elaborated that the results have turned out to be much broader and more damaging than anything he had imagined, it was unexpected, a surprise. He was quick to point that economists are fortunate if their predictions are 60% accurate.
First, he poses the question, "what went wrong with global economic policies that had worked so effectively for decades?" Then he answers, "The breakdown has been apparent in the securitization of home mortgages."
Perhaps, this means that for the last 10 years the nation has been living in the 40% twilight zone, as I don’t recall any economists vocalizing eminent danger from the shaky mortgage products that Fannie and Freddie were dumping on the bond markets. We heard plenty about the "irrational exuberance" over rising home prices but a strange silence about the way they were being financed. How can a condition in the making of this magnitude slip under the radar of the nation’s brightest economic minds?
Now Greenspan points back, "In 2005, I raised concerns that the protracted period of underpricing of risk, if history was any guide, should have dire consequences…" If he means the underpricing of credit, he forgets that it was he who kept interest rates low, adding fuel to the financing frenzy…thus the housing boom.
The futures market is pricing in a rate cut of 50-75BP at their next FOMC meeting. That will lower the Fed discount rate to at the most 1.0%, leaving little room to move.
Now we have a problem, the credit crisis was allowed to fester and grow in a low interest rate environment and when the Fed wants to stimulate more lending and borrowing, they only have a 1.50% margin to work with. How can you lower rates below 0.0?
Mr. Greenspan is not the only public figure who is expressing surprise at extent of the credit collapse, and in the next breath has taken credit for forewarning its coming.
First, he poses the question, "what went wrong with global economic policies that had worked so effectively for decades?" Then he answers, "The breakdown has been apparent in the securitization of home mortgages."
Perhaps, this means that for the last 10 years the nation has been living in the 40% twilight zone, as I don’t recall any economists vocalizing eminent danger from the shaky mortgage products that Fannie and Freddie were dumping on the bond markets. We heard plenty about the "irrational exuberance" over rising home prices but a strange silence about the way they were being financed. How can a condition in the making of this magnitude slip under the radar of the nation’s brightest economic minds?
Now Greenspan points back, "In 2005, I raised concerns that the protracted period of underpricing of risk, if history was any guide, should have dire consequences…" If he means the underpricing of credit, he forgets that it was he who kept interest rates low, adding fuel to the financing frenzy…thus the housing boom.
The futures market is pricing in a rate cut of 50-75BP at their next FOMC meeting. That will lower the Fed discount rate to at the most 1.0%, leaving little room to move.
Now we have a problem, the credit crisis was allowed to fester and grow in a low interest rate environment and when the Fed wants to stimulate more lending and borrowing, they only have a 1.50% margin to work with. How can you lower rates below 0.0?
Mr. Greenspan is not the only public figure who is expressing surprise at extent of the credit collapse, and in the next breath has taken credit for forewarning its coming.
Saturday, October 25, 2008
S&P 500 Fearful - greedy the market and the investors
Warren Buffett's Advice: Be fearful when others are greedy, and be greedy when others are fearful.
This kind of makes me laugh because the Market Makers are setting this scenario for fast implementers in the market place.
Yes, most people are fearful, yes, there is opportunity.
Have you been convinced by the Pundits it is a bottom? Ready to just jump in so you won't miss it this time?
Well stay tuned, because you and everyone else are ready to jump in when their looks to be some sunshine. Now if this is the situation, when investors, who are the late implementers in the market place are sitting on the side lines with money in hand, who do you think will sell into this next demand surge?
The Market Makers and the Money Makers (TM) because they know that the pundits have set this as a bottom and there is more to go (to the downside).
Yes, if you are an intraday trader there is alot of money to be made but what if you are a hold and hope investor(HH)? Normally, you will wait til it seems safe, then you will stick your toe in, see it go up a little and as you think it is alright, the selling will start. You will probably be on a little vacation and not have your stops in because you haven't been taught this risk type management. The stock will surge and while you are on your trip you will think that this time you got it right. A 10-20% gain in a few weeks. You now decide to forget the news, enjoy your trip because you have earned it. Maybe it is time to reward your self, get a massage, go to the expensive restaurant.
Here is the Investors first mistake. They haven't bagged the profits. They think because they have seen the value go up that it is theirs. So, it is ok to charge a little more to the room or get another round of golf in, and maybe buy that gold anklet for your wife.
HH investor gets home, safe in the knowledge that he made that extra 20% in the market to turn on the TV. He notices that the Dow is now 400 points lower than when he bought the stock. A little worried he turns on his PC and goes on his online account to see that his stock is now 20% down from his purchase price. What to do?
One of the codes we have as Money Maker is that we enter the market with a stop and a target. We know when to get in and when to get out.
If you can apply these simple guidelines to your trading, investing and speculations you will always be able to mange your risk, bag your profits and have actually earned you vacation purchases.........
Just keep it in mind.....the profit is yours only after you have taken it.
This kind of makes me laugh because the Market Makers are setting this scenario for fast implementers in the market place.
Yes, most people are fearful, yes, there is opportunity.
Have you been convinced by the Pundits it is a bottom? Ready to just jump in so you won't miss it this time?
Well stay tuned, because you and everyone else are ready to jump in when their looks to be some sunshine. Now if this is the situation, when investors, who are the late implementers in the market place are sitting on the side lines with money in hand, who do you think will sell into this next demand surge?
The Market Makers and the Money Makers (TM) because they know that the pundits have set this as a bottom and there is more to go (to the downside).
Yes, if you are an intraday trader there is alot of money to be made but what if you are a hold and hope investor(HH)? Normally, you will wait til it seems safe, then you will stick your toe in, see it go up a little and as you think it is alright, the selling will start. You will probably be on a little vacation and not have your stops in because you haven't been taught this risk type management. The stock will surge and while you are on your trip you will think that this time you got it right. A 10-20% gain in a few weeks. You now decide to forget the news, enjoy your trip because you have earned it. Maybe it is time to reward your self, get a massage, go to the expensive restaurant.
Here is the Investors first mistake. They haven't bagged the profits. They think because they have seen the value go up that it is theirs. So, it is ok to charge a little more to the room or get another round of golf in, and maybe buy that gold anklet for your wife.
HH investor gets home, safe in the knowledge that he made that extra 20% in the market to turn on the TV. He notices that the Dow is now 400 points lower than when he bought the stock. A little worried he turns on his PC and goes on his online account to see that his stock is now 20% down from his purchase price. What to do?
One of the codes we have as Money Maker is that we enter the market with a stop and a target. We know when to get in and when to get out.
If you can apply these simple guidelines to your trading, investing and speculations you will always be able to mange your risk, bag your profits and have actually earned you vacation purchases.........
Just keep it in mind.....the profit is yours only after you have taken it.
Friday, October 24, 2008
Thursday, October 23, 2008
Wednesday, October 22, 2008
S&P 500 emini futures live trade 14 points oct 22
S&P 500 emini futures day trading coach. This is the trade we took this afternoon for 14+ points.
S&P 500 emini futures day trading coach Oct 22 Daily chart levelsSP500
S&P 500 emini futures day trading coach for Oct 22, looks like we have a bearish pennant forming with a break of teh first supporting trendline and a move to the next around 900, watch out for an increase in volume as these past days have been comparatively low.
Tuesday, October 21, 2008
Sunday, October 19, 2008
S&P 500 emini futures day trading coach Oct 19 intraday
Dominant trend is down.Supporting trend line is hit in after hours, loooking for volume push through with targets of 908.25 then 895.25 and 880.
Haven't seen volume capitulation yet on daily.
Again looks like an investor set up.
Friday, October 17, 2008
Thursday, October 16, 2008
Tuesday, October 14, 2008
Friday, October 10, 2008
Thursday, October 9, 2008
S&P 500 emini futures trading coach circuit breaker chart, plunge team
here we can see the actual aggressive seller in Red as we hit circuit breaker levels. I will show how I played this on my S&P 500 futures education coach trading site.
The market will bounce literally hundreds of times at the circuit breaker level.
I advise to stay away. If it closed and gapped through your position your stop may not be discarded.
Remember you are liable for Margin if you are in a trade and it gaps through. Some accounts are $50,000 margin liability.
S&P 500 emini futures trading , this is a circuit breaker chart
This is what the market looks like when the circuit breakers are hit.You can see how many times the market took on the low and bounced.
Plunge team was in the market.
S&P 500 hit the thresh hold and as you can see the aggressive sellers were all filled.
There is a bout a 2 tick bounce on this action.
Very risky play.
Watch your self on the breaker levels if they come. If they shut the market for 2 hours, you could gap down.
Wednesday, October 8, 2008
Tuesday, October 7, 2008
S&P 500 emini futures day trading education coach for Oct 7 daily chart
Open 1054
high 1078
low 999.50
close 1005.25
vol. 4,295,000
A lot of volitility.
Looking for support. Will put up a monthly chart.
Monday, October 6, 2008
Sunday, October 5, 2008
S&P 500 E-mini futures coach Oct 6 2 more charts
Look at the levels we are headed to.I went back to 03 for some of the levels.
In particular the major trend line at 1032-40
we could be there in two days if not tomorrow.
we are in an area of support.
Friday, October 3, 2008
Thursday, October 2, 2008
S&P 500 and the Economy. Financials wounded. short sale ban
The U.S. Senate passed a $700 billion financial-market rescue package loaded with inducements for the House of Representatives to approve the measure following its rejection of an earlier version. The bill's proponents cited the record 778-point drop in the Dow Jones Industrial Average after the House's 228-205 defeat of the legislation Sept. 29 as evidence of the urgency to stabilize the banking system. They suggested that the market reaction may spur some House Republicans to change their minds when the bill comes to a vote, likely tomorrow afternoon.
The dollar rose against the euro, approaching a one-year high, after the Senate approval, bolstering expectations the U.S. will act faster than Europe to address the seizure in credit markets. The dollar advanced to $1.3883 per euro at 12:46 p.m. in London, from $1.4009 late yesterday in New York. Asian stocks and U.S. futures fell on concern the package won't be enough to avert a recession, with futures on the Standard & Poor's 500 Index falling 1.1 percent and the MSCI Asia Pacific Index lost 1.3 percent.
Emini futures trading coach
The dollar rose against the euro, approaching a one-year high, after the Senate approval, bolstering expectations the U.S. will act faster than Europe to address the seizure in credit markets. The dollar advanced to $1.3883 per euro at 12:46 p.m. in London, from $1.4009 late yesterday in New York. Asian stocks and U.S. futures fell on concern the package won't be enough to avert a recession, with futures on the Standard & Poor's 500 Index falling 1.1 percent and the MSCI Asia Pacific Index lost 1.3 percent.
Emini futures trading coach
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