S&P 500 Emini futures intraday trading oct 2

S&P 500 Emini futures coach sept 29 levels swing trading

S&P 500 Emini futures coach sept 29 levels

Goldman and Morgan Stanley

The last two remaining Wall Street investment banks gave up their relatively non-regulated status and are now commercial banks as the Federal Reserve approved Goldman Sachs and Morgan Stanley to become bank holding companies yesterday. The reason? Morgan and Goldman can now permanently borrow from the government, since banks can borrow from the Federal Reserve at the discount window. Less risk, less profit, but the ability to buy retail banks and add stability. It is an interesting trade-off.

Nomura Securities is close to buying Lehman's Asian operations as Lehman continues to be divvied up.

Emini trading coach

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

S&P 500 Emini futures coach for sept 18 levels

S&P 500 Emini futures coach daily for sept 15 levels

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

Dow mini futures trade

A few trades from the Emini Futures Live Trading Room

Join us for live calls.