705.75 is support on the monthly with a 100% projection of first leg down.Intresting to see that the
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.
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.
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