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.
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
Tuesday, September 16, 2008
US Economics AIG MArkets set for a rally
U.S. Treasuries have been the safe haven this morning as financial markets hope for a solution to AIG's liquidity challenges. As expected, AIG saw its credit rating downgraded late yesterday and that has caused an immediate need for additional capital... something that is very hard to come by right now. Government leaders have indicated that they are unwilling to use taxpayer dollars to bail out the world's largest insurer. AIG operates in 130 countries and employs more than 100,000 people. Experts have said that unless the company can raise at least $90 billion today they'll be forced to file for bankruptcy protection tomorrow. Let's hope for a solution here! Looks like the government will use a warrant and knock out all the stock holders.
What a month, first 50% of homes in the US become the fed's property and next we have a 90 billion dollar bail out of AIG..
Stocks opened lower, but have moved into positive territory one day after The Dow lost 500 points. Time to get back to where we started, remember elections are around the corner.
Oil prices are still falling like, down $4 to $91 per barrel. Looking for $82 then we shall see where it is going. If elections are over it is time to focus more on international problems to take the eye off the wounded US economy. Of course we won't see a 25% decrease in gas prices. Just a dime here and there.....
Hope you have an edge, a money maker edge, we will be having a class in SanFrancisco in October with the Emini Futures coach.
What a month, first 50% of homes in the US become the fed's property and next we have a 90 billion dollar bail out of AIG..
Stocks opened lower, but have moved into positive territory one day after The Dow lost 500 points. Time to get back to where we started, remember elections are around the corner.
Oil prices are still falling like, down $4 to $91 per barrel. Looking for $82 then we shall see where it is going. If elections are over it is time to focus more on international problems to take the eye off the wounded US economy. Of course we won't see a 25% decrease in gas prices. Just a dime here and there.....
Hope you have an edge, a money maker edge, we will be having a class in SanFrancisco in October with the Emini Futures coach.
Sunday, September 14, 2008
Friday, September 12, 2008
Thursday, September 11, 2008
Wednesday, September 10, 2008
S&P 500 and the Economy. Lehmans wounded.
Treasuries declined after Lehman Brothers Holdings Inc. announced plans to shed assets to survive a crisis of investor confidence, damping demand for the safety of U.S. government debt. Lehman advanced as much as 19 percent on its plan to sell a majority stake in its asset-management unit, spin off commercial real estate and slash its annual dividend 93 percent. The company reported a $3.9 billion loss that was bigger than analysts forecast.
Treasuries briefly rose after Lehman reported a loss. Government debt failed to rally further because investors expect lending programs created by the Federal Reserve this year will keep financial institutions like Lehman from failing.
Trading on line made easy
Treasuries briefly rose after Lehman reported a loss. Government debt failed to rally further because investors expect lending programs created by the Federal Reserve this year will keep financial institutions like Lehman from failing.
Trading on line made easy
Tuesday, September 9, 2008
S&P 500 Emini futures support and resistance Sept. 10
We are looking at a point of control of 26.50. break out from 30.75break down from 22.50
high of 49
low 1216, unless lots of aggressive sellers.
Futures Trading Coach
Monday, September 8, 2008
Fannie and Freddie moving market
A new era in mortgage lending begins today as Fannie Mae and Freddie Mac transition from Government Sponsored Enterprises to "government owned" and managed entities. The implicit guarantee behind Fannie and Freddie that we've known for decades is now explicit. The CEOs of both companies have been replaced and the companies have been moved into conservatorship by the U.S. Government. So this means the US government owns more of your home than most home owners do.
There are many unknowns, but one thing is clear... for now, the international and domestic stock markets have greeted the "mother of all bailouts" as positive. Stocks are moving significantly higher and treasuries are getting crushed in the stampede to equities. In fact, trading volume was so high in London this morning that the computer system at the London Stock Exchange melted down. London traders have been without access to their computerized pricing system for more than six hours.
Secretary Paulson and James Lockhart, the head of the Federal Housing Finance Agency (FHFA), have indicated that the portfolios of the "former GSEs" must shrink to reduce future risk to taxpayers. That's a nice idea, but who will buy mortgages in this environment if Fannie and Freddie decelerate their purchase activity? And, what kind of mortgages will Fannie and Freddie be buying in the future? Will they take on more or less risk? Will they continue to be saddled with the obviously impossible dual responsibilities of creating shareholder value while meeting the affordable housing goals of our government? Congress needs to define the roles of these two companies for the long term.
Would you like an Emini futures day trading coach that can help you be the best trader possible? Joel can help you find the best trades, follow a business plan and trade like a business.
There are many unknowns, but one thing is clear... for now, the international and domestic stock markets have greeted the "mother of all bailouts" as positive. Stocks are moving significantly higher and treasuries are getting crushed in the stampede to equities. In fact, trading volume was so high in London this morning that the computer system at the London Stock Exchange melted down. London traders have been without access to their computerized pricing system for more than six hours.
Secretary Paulson and James Lockhart, the head of the Federal Housing Finance Agency (FHFA), have indicated that the portfolios of the "former GSEs" must shrink to reduce future risk to taxpayers. That's a nice idea, but who will buy mortgages in this environment if Fannie and Freddie decelerate their purchase activity? And, what kind of mortgages will Fannie and Freddie be buying in the future? Will they take on more or less risk? Will they continue to be saddled with the obviously impossible dual responsibilities of creating shareholder value while meeting the affordable housing goals of our government? Congress needs to define the roles of these two companies for the long term.
Would you like an Emini futures day trading coach that can help you be the best trader possible? Joel can help you find the best trades, follow a business plan and trade like a business.
Sunday, September 7, 2008
S&P 500 Emini futures support and resistance Sept. 8 chart
1279, break out to 13031272.75 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.
Friday, September 5, 2008
Non farm payroll and the economy
Big news 8:30 AM EST lets see if the
Nonfarm payroll (NFP) employment continued its downtrend in July with U.S. employers shaving 51,000 jobs, marking the first time since May 2002 that the economy lost jobs for seven consecutive months. The Labor Department also reported last month that the U.S. unemployment rate rose to 5.7 percent—its highest level in more than four years—erasing all job gains made over the last year. Revisions to May and June's payrolls showed a total of 26,000 fewer jobs were lost than previously expected, bringing the number of jobs lost so far in 2008 to 463,000.
On the inflation front, the Commerce Department reported last week that the GDP price index was revised to an annualized 1.2 percent—up from the initial estimate of 1.1 percent—virtually eliminating any claims of recession for spring. The sharp easing in overall price index was technical in nature, caused by a spike in nominal imports cutting into nominal GDP growth. In contrast, the inflation for final sales of domestic purchases was revised up to a strong 4.3 percent, compared to the initial estimate of 4.2 percent.
Nonfarm payroll (NFP) employment continued its downtrend in July with U.S. employers shaving 51,000 jobs, marking the first time since May 2002 that the economy lost jobs for seven consecutive months. The Labor Department also reported last month that the U.S. unemployment rate rose to 5.7 percent—its highest level in more than four years—erasing all job gains made over the last year. Revisions to May and June's payrolls showed a total of 26,000 fewer jobs were lost than previously expected, bringing the number of jobs lost so far in 2008 to 463,000.
On the inflation front, the Commerce Department reported last week that the GDP price index was revised to an annualized 1.2 percent—up from the initial estimate of 1.1 percent—virtually eliminating any claims of recession for spring. The sharp easing in overall price index was technical in nature, caused by a spike in nominal imports cutting into nominal GDP growth. In contrast, the inflation for final sales of domestic purchases was revised up to a strong 4.3 percent, compared to the initial estimate of 4.2 percent.
Wednesday, September 3, 2008
Russell 2000 emini trade live room
Being able to see the trade, the direction and controlling losses.
Trade management, making you the best trader you can be.
Remember professionals don't care about the tops and bottoms just everything in between.
Join our Emini live trading room.
or take one of our live Emini futures training seminars.
S&P 500 emini futures trade
Trading the Money Maker Methodology for the S&P 500 Emini's.
Market gave a few really easy trades.
Took the last one Break even.
Can you see the trades?
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.
Tuesday, September 2, 2008
Visa support and resistance with entry and targets
This was a three day hold using the Support as a basis for moving the stops.
Target was taken.
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