Looking for it to fill the gap at 83Chance of making a H&S,
who wants to hold in to the weekend?
is this the end of the Christmas Rally?
Low volume, watch out for fast moves.
Friday, December 19, 2008
S&P 500 day trading S&P 500 emini futures Dec 19 am
Looking for it to fill the gap at 83Chance of making a H&S,
who wants to hold in to the weekend?
is this the end of the Christmas Rally?
Low volume, watch out for fast moves.
Thursday, December 18, 2008
S&P 500 day trading course Dec 18 S&P 500 live room
Top heavy on the 60 minute chart, looks like we are about to break down.
Under 900 a real possibility.
Looking for a double bottom on the daily also.
Tuesday, December 16, 2008
Monday, December 15, 2008
Monday, December 8, 2008
S&P 500 day trading emini futures system Dec 9 daily chart
Daily chart for S&P 500 emini futures.
Lookng for a max target of 944 to 950 and possilbe break down to 840
S&P 500 and the economy Obama's pledge
Stocks rose around the world, sending the Standard & Poor's 500 Index to a one-month high, as President-elect Barack Obama pledged to boost the economy with the biggest public-works spending package since the 1950s. Obama said Dec. 6 he will boost investment in roads, bridges and public buildings to create or preserve 2.5 million jobs after companies cut payrolls at the fastest pace in 34 years.
Traders increased bets the Fed will lower its target rate on overnight loans between banks to 0.25 percent from 1 percent on Dec. 16 after companies cut workers at the fastest pace in 34 years in November. Futures contracts on the Chicago Board of Trade show 76 percent odds of a three-quarter-percentage point cut, up from 26 percent a week ago.
The U.S. is starting to look like Japan in the 1990s, when the Bank of Japan struggled to revive growth as the combination of deflation and recessions stranded the nation in the so-called Lost Decade. Yields on Treasuries are falling as the government sells a record amount of debt to prop up the American economy.
S&P 500 Emini Futures Day trading live
Traders increased bets the Fed will lower its target rate on overnight loans between banks to 0.25 percent from 1 percent on Dec. 16 after companies cut workers at the fastest pace in 34 years in November. Futures contracts on the Chicago Board of Trade show 76 percent odds of a three-quarter-percentage point cut, up from 26 percent a week ago.
The U.S. is starting to look like Japan in the 1990s, when the Bank of Japan struggled to revive growth as the combination of deflation and recessions stranded the nation in the so-called Lost Decade. Yields on Treasuries are falling as the government sells a record amount of debt to prop up the American economy.
S&P 500 Emini Futures Day trading live
Tuesday, December 2, 2008
S&P 500 day trading course Dec 2 live room
Descending triangle with support at 822.50.
Crash level will be 654.75
Still no capitulation, just an exhaustive market. These rallies are all sold off.
Will automakers get stimulus package with workers at $70 an hour? Having to guarantee bonuses?
if we work our way up to the 850 mark and can close the gap at 894.50 there is a chance for an inverted H&S.
Doubt it though as Market Makers have crushed every rally.
Monday, December 1, 2008
Sunday, November 30, 2008
S&P 500 emini futures coach nov monthly chart
705.75 is support on the monthly with a 100% projection of first leg down.Intresting to see that the
Tuesday, November 25, 2008
S&P 500 day trading live room SP500 emini futures coach nov 26
S&P 500 day trading online course live room emini futures education coach levels of support and resistance for, Http://www.tradingonlinemadeEasy.com with break outs, break downs, point of control from live day trading room. The Money Maker Edge™ system. November 26 Online Trading course SP500 emini futures, Mini Dow, Oil futures, gold, and currencies.
Monday, November 24, 2008
S&P 500 day trading course Nov 24 daily chart
Looks like we could have a nice rally on today's bail out.
Too big to fail. Too big to fail, it must be nice to be too big to fail.
What is the cutoff line for this Larges?
For a really big rally it would be nice to see 895. Then we will see the appreciation of the wall streeters when they serve up this next turkey.
Expect lower volume into the holiday and a half day trading on Friday.
Sunday, November 23, 2008
S&P 500 day trading Sp500 emini futures coach nov 24 what is being served?
S&P 500 day trading online course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com/ with break outs, break downs, point of control from live day trading room. The Money Maker Edge™ system. November 24 Online Trading course SP500 emini futures, Mini Dow, Oil futures, gold, and currencies.
Thursday, November 20, 2008
S&P 500 day trading system SP500 emini futures coach nov 21 online
Hit the low of the day. It is a friday and who wants to hold over the weekend? Doesn't look good from here. Possible new lows on board. Join us in the live room for Money Maker Edge. S&P 500 emini futures day trading.
New claims are the sign the market needs for new lows.
This morning the number of U.S. workers filing new claims for jobless benefits hit their highest level in 16 years. Initial claims for state unemployment insurance benefits were a seasonally adjusted 542,000 in the week ended Nov. 15 from a revised 515,000 the previous week. That was higher than analysts' forecast for a reading of 505,000 new claims. For "good" news, Citigroup's largest individual investor - Saudi Prince Alwaleed bin Talal - plans to boost his stake in Citi from less than 4% up to 5%.
We still have the Philly Fed and Leading Economic Indicators ahead. So the 10-yr is up almost 2 points, but mortgages are only up (better) between .250 and .5 in price. We are continuing to see the "flight to quality" exclude mortgages, and other debt instruments, as volatility and credit risk limit interest in anything but Treasuries.
We still have the Philly Fed and Leading Economic Indicators ahead. So the 10-yr is up almost 2 points, but mortgages are only up (better) between .250 and .5 in price. We are continuing to see the "flight to quality" exclude mortgages, and other debt instruments, as volatility and credit risk limit interest in anything but Treasuries.
Wednesday, November 19, 2008
S&P 500 and the Economy Car makers come begging
U.S. stocks fell and the Standard & Poor's 500 Index slid below its lowest close since 2003 on growing concern over the fate of the nation's car industry and economic data signaling the recession is deepening.
General Motors Corp. tumbled 15 percent and Ford Motor Co. lost 25 percent as auto executives pleaded to Congress for federal aid. JPMorgan Chase & Co., Cisco Systems Inc. and General Electric Co. helped lead declines after government reports showed consumer prices decreased by the most on record and housing starts sank to an all-time low. Citigroup Inc. slid 9.6 percent on the fifth-biggest U.S. bank's plan to buy $17.4 billion of assets from structured investment vehicles it advises.
The S&P 500 slipped 2.9 percent to 833.98 at 12:45 p.m. in New York. The Dow Jones Industrial Average lost 163.76 points, or 1.9 percent, to 8,260.99. The Nasdaq Composite Index decreased 3.3 percent to 1,434.49. Almost 11 stocks fell for each that rose on the New York Stock Exchange.
U.S. builders in October broke ground on the fewest new homes and obtained permits for future construction at the lowest levels on record, signs the housing slump may extend into a fourth year. Construction starts on housing fell 4.5 percent in October, less than economists forecast, to an annual rate of 791,000 that was the lowest since records began in 1959, the Commerce Department said. Building permits, a sign of future residential projects, dropped 12 percent to a 708,000 pace, the lowest since at least 1960.
The S&P 500 emini futures day trading coach
General Motors Corp. tumbled 15 percent and Ford Motor Co. lost 25 percent as auto executives pleaded to Congress for federal aid. JPMorgan Chase & Co., Cisco Systems Inc. and General Electric Co. helped lead declines after government reports showed consumer prices decreased by the most on record and housing starts sank to an all-time low. Citigroup Inc. slid 9.6 percent on the fifth-biggest U.S. bank's plan to buy $17.4 billion of assets from structured investment vehicles it advises.
The S&P 500 slipped 2.9 percent to 833.98 at 12:45 p.m. in New York. The Dow Jones Industrial Average lost 163.76 points, or 1.9 percent, to 8,260.99. The Nasdaq Composite Index decreased 3.3 percent to 1,434.49. Almost 11 stocks fell for each that rose on the New York Stock Exchange.
U.S. builders in October broke ground on the fewest new homes and obtained permits for future construction at the lowest levels on record, signs the housing slump may extend into a fourth year. Construction starts on housing fell 4.5 percent in October, less than economists forecast, to an annual rate of 791,000 that was the lowest since records began in 1959, the Commerce Department said. Building permits, a sign of future residential projects, dropped 12 percent to a 708,000 pace, the lowest since at least 1960.
The S&P 500 emini futures day trading coach
S&P 500 emini futures day trading coach Nov 19 daily chart
we have broke through the floor established at 816.75
Looking for 1st target at 780 then 742, if we hit that in Thursday's session we could be looking at catastrophe levels on friday depending on how Asian then European markets close.
Still no sign of capitulation, just exhaustion.
who is left holding?
The big three flew to Washington in private jets, with 24 million plus salaries on the line I guess I too would use the corporate jet to get there.
This excess is the ruin.....
Jeffersonian economics hits homes. Hello Citibank.
'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'
Thomas Jefferson 1802
Thomas Jefferson 1802
Tuesday, November 18, 2008
S&P 500 day trading system SP500 emini futures coach Nov 18 online
S&P 500 day trading online course live room emini futures education coach levels of support and resistance for, Http://www.tradingonlinemadeEasy.com with break outs, break downs, point of control from live day trading room. The Money Maker Edge™ system. November 19 Online Trading course SP500 emini futures, Mini Dow, Oil futures, gold, and currencies.
S&P 500 day trading system SP 500 emini futures Nov 18
S&P 500 day trading online course live room emini futures education coach levels of support and resistance for, Http://www.tradingonlinemadeEasy.com with break outs, break downs, point of control from live day trading room. Using the Money Maker Edge™ system. November 18 Online Trading course SP500 emini futures, Mini Dow, Oil futures, gold, and currencies.
Sunday, November 16, 2008
S&P 500 emini futures day trading coach Nov 17 live room
S&P 500 day trading online course live room emini futures education coach levels of support and resistance for, Http://www.tradingonlinemadeEasy.com with break outs, break downs, point of control from live day trading room. Using the Money Maker Edge™ system. November 17 Online Trading course SP500 emini futures, Mini Dow, Oil futures, gold, and currencies.
Friday, November 14, 2008
Economy, sears and the week, before market close
Sears Holdings Corp. and Office Depot Inc. sank more than 12 percent and Chevron Corp. slid 4.2 percent on government data showing sales at retailers declined 2.8 percent last month and filling-station purchases decreased 13 percent. Qualcomm Inc., the biggest maker of mobile-phone chips, and Motorola Inc. lost more than 5 percent after Nokia Oyj predicted global shipments will shrink next year. The Standard & Poor's 500 Index erased more than half of yesterday's 6.9 percent rally and extended its weekly tumble to more than 6 percent.
Federal Reserve Chairman Ben S. Bernanke, speaking at a panel discussion hosted by the European Central Bank in Frankfurt, said policymakers ``stand ready'' to take additional actions to help the economy.
Federal Reserve Chairman Ben S. Bernanke, speaking at a panel discussion hosted by the European Central Bank in Frankfurt, said policymakers ``stand ready'' to take additional actions to help the economy.
S&P 500 day trading live room education coach nov 14 intraday
In the middle of the retracement off of yesterday’s rally we have retraced to 868 in the S&P 500 emini futures and looking for test back to the highs or a collapse from the 891 area.Keep your heads up.S&P 500 day trading course
Trading levels of support and resistance for yesterdays rally and retracement.
Trading levels of support and resistance for yesterdays rally and retracement.
Thursday, November 13, 2008
S&P 500 watch for the rally.....look at these levels, bottom is in..for now
Looking here for a run.
move down rejected trend line about to be tested.
We shall see.
Looking for new highs to come on.
Emini futures education
and this is where it went.......
Wednesday, November 12, 2008
S&P 500 live trade room November 13 online education
S&P 500 day trading live room emini futures education coach levels of support and resistance for November 13, with break outs, break downs, point of control from live day trading room. Using the Money Maker Edge™ system. Online Trading course Http://www.tradingonlinemadeEasy.com SP500 emini futures, Mini Dow, Oil futures, gold, and currencies.
Tuesday, November 11, 2008
S&P 500 day trading live room education coach Nov 12
These are the levels we use in the room to take notice of reversals.
S&P 500 day trading live room emini futures education coach levels of support and resistance for November 12, with break outs, break downs, point of control from live day trading room. Using the Money Maker Edge™ system. Online Trading course http://www.tradingonlinemadeeasy.com/ SP500 emini futures, Mini Dow, Oil futures, gold, and currencies.
Monday, November 10, 2008
Sunday, November 9, 2008
Friday, November 7, 2008
Thursday, November 6, 2008
S&P 500 and the economy, Europe rates down, too late.
government report tomorrow is forecast by economists to show payrolls shrank by 200,000 workers, the most in five years. It seems that the market is struggling to find the right balance between positioning for Friday's employment report and setting up for next week's Treasury refunding.
The Bank of England cut its key interest rate by 1.5 percentage points today, more than anticipated, to 3 percent, the lowest level since 1955. The European Central Bank, Swiss National Bank and central banks in Denmark and the Czech Republic also lowered rates.
Futures on the Chicago Board of Trade show a 100 percent probability policy makers will lower the target rate for overnight bank loans by at least a half-percentage point at their meeting Dec. 16. Traders saw 22 percent odds the Fed could drop the rate to 0.25 percent, compared with no chance yesterday. The central bank reduced the rate by 1 percentage point last month in two cuts.
The Bank of England cut its key interest rate by 1.5 percentage points today, more than anticipated, to 3 percent, the lowest level since 1955. The European Central Bank, Swiss National Bank and central banks in Denmark and the Czech Republic also lowered rates.
Futures on the Chicago Board of Trade show a 100 percent probability policy makers will lower the target rate for overnight bank loans by at least a half-percentage point at their meeting Dec. 16. Traders saw 22 percent odds the Fed could drop the rate to 0.25 percent, compared with no chance yesterday. The central bank reduced the rate by 1 percentage point last month in two cuts.
Wednesday, November 5, 2008
S&P 500 day trading SP500 emini futures coach Nov 5 intraday
Looks down from here we are breaking levels.
S&P 500 day trading was very steady this am with almost picture perfect retracements.
Watch the 964 to 70 level could get quite a break down from here.
S&P and the economy, Hello is somebody sleeping?
Debt issuance may increase further after bond trading firms this week predicted the budget shortfall will more than double to $988 billion in 2009.
The Bush administration's most recent budget forecast, issued in July, projected a $482 billion deficit for the 2009 fiscal year, which started Oct. 1. Since then, the government has taken over mortgage companies Fannie Mae and Freddie Mac, intervened to save insurance company American International Group Inc., and embarked on the bank rescue program. As a result, borrowing needs are expected to rise to a record $550 billion in the three months to Dec. 31, the Treasury said Nov. 3. That follows a $530 billion record in the July to September quarter. California embraced municipal debt as they approved about $39.7 billion of new borrowing, representing about 83 percent of measures for which results were available. Californians approved at least $27 billion, including money for schools and loans to veterans.
Voters in 41 states from Rhode Island to Alaska considered $66.4 billion of bond proposals yesterday, the second-biggest slate after November 2006's $78.6 billion, according to Ipreo, a New York-based financial data provider. The measures sought the largest amount of new borrowing during a presidential election.
The Bush administration's most recent budget forecast, issued in July, projected a $482 billion deficit for the 2009 fiscal year, which started Oct. 1. Since then, the government has taken over mortgage companies Fannie Mae and Freddie Mac, intervened to save insurance company American International Group Inc., and embarked on the bank rescue program. As a result, borrowing needs are expected to rise to a record $550 billion in the three months to Dec. 31, the Treasury said Nov. 3. That follows a $530 billion record in the July to September quarter. California embraced municipal debt as they approved about $39.7 billion of new borrowing, representing about 83 percent of measures for which results were available. Californians approved at least $27 billion, including money for schools and loans to veterans.
Voters in 41 states from Rhode Island to Alaska considered $66.4 billion of bond proposals yesterday, the second-biggest slate after November 2006's $78.6 billion, according to Ipreo, a New York-based financial data provider. The measures sought the largest amount of new borrowing during a presidential election.
Tuesday, November 4, 2008
S&P500 day trading coach Nov 4 support intraday
If we see this break under 91 then we could be at break even today.
Major supporting trendline coming in on 980.
Upside target of 1007.25 to close previous gap on SP500 Oct 14.
Monday, November 3, 2008
S&P 500 day trading SP500 emini futures coach Nov 4 online education
S&P 500 emini futures day trading education coach levels of support and resistance for November 4, with break outs, break downs, point of control from live day trading room. Using the Money Maker Edge system. Online Trading course at Http://www.tradingonlinemadeEasy.com SP500 emini futures, Mini Dow, Oil futures, gold, and currencies.
S&P 500 day trading and Economy - labor-unemployment-
The economy declined in the third quarter the most since 2001. New home sales expectedly rose 2.7 percent in September(fast inovators getting in before the final drop) , before credit markets froze, up from a drop of 12.6 percent in August, according to Commerce Department reports.
It is estimated that a Labor Department report on Nov. 7 will show payrolls shrank by 200,000 workers last month. The unemployment rate may jump to its highest level in more than five years.
And in case you are wondering why mortgage yields are higher again, here is a little background provided by our President(can you believe it) that will help you answer any questions you may have. Here are the main drivers:
1) International selling. A variety of factors - including some recent confusion over the semantics of whether the GSEs are "explicitly" or "effectively" guaranteed by the government - have created a new wave of MBS selling around the world. The general "flight-to-quality" has become so intense that investors are now carefully differentiating between degrees of government support and the fact that the GSE backing is considered "effective" but not "explicit" is actually very meaningful to investors in agency corporate debt as well as agency MBS.
2) Unintended consequences of the FDIC guaranteeing more forms of senior bank debt. As more and more investment alternatives become explicitly guaranteed by the government, the new abundance of risk-free investment choices has caused FNMA/FHLMC corporate debt costs to increase. As the GSEs' cost to finance MBS increases, holding MBS in their portfolios becomes less economical and the market expects them to be less involved in purchasing MBS.
3) Similar to #2 above, as sovereign debt issuers around the world issue debt at increasing yields, these investment alternatives also siphon-off potential demand for FNMA/FHLMC corporate debt and force the agency's funding costs higher making additional portfolio growth uneconomical to the GSEs.
4) De-leveraging continues across the investment community and is made worse at the moment since some dealers have year-ends in Nov and are not anxious to dramatically increase positions at this time.
5) Some investors are reallocating money back to stocks and out of MBS. This back-and-forth will obviously continue as the economic story plays-out.
It is estimated that a Labor Department report on Nov. 7 will show payrolls shrank by 200,000 workers last month. The unemployment rate may jump to its highest level in more than five years.
And in case you are wondering why mortgage yields are higher again, here is a little background provided by our President(can you believe it) that will help you answer any questions you may have. Here are the main drivers:
1) International selling. A variety of factors - including some recent confusion over the semantics of whether the GSEs are "explicitly" or "effectively" guaranteed by the government - have created a new wave of MBS selling around the world. The general "flight-to-quality" has become so intense that investors are now carefully differentiating between degrees of government support and the fact that the GSE backing is considered "effective" but not "explicit" is actually very meaningful to investors in agency corporate debt as well as agency MBS.
2) Unintended consequences of the FDIC guaranteeing more forms of senior bank debt. As more and more investment alternatives become explicitly guaranteed by the government, the new abundance of risk-free investment choices has caused FNMA/FHLMC corporate debt costs to increase. As the GSEs' cost to finance MBS increases, holding MBS in their portfolios becomes less economical and the market expects them to be less involved in purchasing MBS.
3) Similar to #2 above, as sovereign debt issuers around the world issue debt at increasing yields, these investment alternatives also siphon-off potential demand for FNMA/FHLMC corporate debt and force the agency's funding costs higher making additional portfolio growth uneconomical to the GSEs.
4) De-leveraging continues across the investment community and is made worse at the moment since some dealers have year-ends in Nov and are not anxious to dramatically increase positions at this time.
5) Some investors are reallocating money back to stocks and out of MBS. This back-and-forth will obviously continue as the economic story plays-out.
S&P 500 day trading SP500 emini futures coach Nov 3 online
S&P 500 emini futures day trading education coach levels of support and resistance for November 3, 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.
Friday, October 31, 2008
Day trading S&P 500 Emini futures coach Oct 28 SP500
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.
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
Tuesday, September 30, 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.
S&P 500 emini futures coach Monthly chart
Looking at the major support at 1100 and 1050. Maybe when the Fed and treasury decide to get out of our free market we will see it.
S&P 500 Emini futures coach sept 26 bull flag
just a quick look at two bull flags, one forming and the the other one formed on YM and ES.
Thursday, September 25, 2008
US to lose financial super power status, say Germany
US to Lose Financial Superpower Status: GermanyBy Reuters 25 Sep 2008 07:39 AM ET
Germany blamed the United States on Thursday for spawning the global financial crisis with a blind drive for higher profits and said it would now have to accept greater market regulation and a loss of its financial superpower status.
In some of the toughest language since the crisis threw Wall Street banks into financial disarray earlier this month, German Finance Minister Peer Steinbrueck told parliament the turmoil would leave “deep marks” on both sides of the Atlantic, but called it primarily an American problem.
“The world will never be as it was before the crisis,” Steinbrueck, a deputy leader of the centre-left Social Democrats (SPD), told the Bundestag lower house.
“The United States will lose its superpower status in the world financial system. The world financial system will become more multi-polar,” he said.
Chancellor Angela Merkel, whose conservatives rule in coalition with the SPD, and Steinbrueck both pushed the Group of Eight (G8) to agree measures to boost financial market transparency during Germany’s presidency of the G8 last year.
But their drive collapsed amid opposition from Washington and London.
Germany blamed the United States on Thursday for spawning the global financial crisis with a blind drive for higher profits and said it would now have to accept greater market regulation and a loss of its financial superpower status.
In some of the toughest language since the crisis threw Wall Street banks into financial disarray earlier this month, German Finance Minister Peer Steinbrueck told parliament the turmoil would leave “deep marks” on both sides of the Atlantic, but called it primarily an American problem.
“The world will never be as it was before the crisis,” Steinbrueck, a deputy leader of the centre-left Social Democrats (SPD), told the Bundestag lower house.
“The United States will lose its superpower status in the world financial system. The world financial system will become more multi-polar,” he said.
Chancellor Angela Merkel, whose conservatives rule in coalition with the SPD, and Steinbrueck both pushed the Group of Eight (G8) to agree measures to boost financial market transparency during Germany’s presidency of the G8 last year.
But their drive collapsed amid opposition from Washington and London.
Tuesday, September 23, 2008
S&P 500 Emini futures coach sept 23 trading course
emini futures trading course This past week we have seen some records broken.
100 point ranges
6 million contracts traded
Do you have an edge?
Monday, September 22, 2008
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.
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.
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