Emini Futures Trading / Hi Ho Who?

E-Mini S&P 500: A few snags and the market sags!

The E-Mini S&P 500 has hit a few snags as current reports do not support a strong economic recovery!  The allocations clearly seem to go back into the Treasuries and the US Dollar. The stronger US Dollar may be partially attributed to our Federal Government not showing any signs of printing a floating more dollars any time soon. The Euro FX had sold off against the dollar today as ECB President Jean Claude Trichet has not introduced any rate hikes for the near term. The stronger dollar pressured the tangible commodity markets and the liquidation snowballed on many to almost historically noted sell-offs. To add to the mix, the Initial Jobless claims came out with an increase of 43,000 claims for jobless benefits to 474,000.  This is the highest that we have seen since August.

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Emini FuturesCast / The Daily Pod 05/04/11

Today we cover all the markets in just 1 hour and 18 minutes. I then rambled on for at least another half hour about something. Keep those cards and letters coming. I found the link to the interview from last year with Michael X. He is our friend who trades in size most of us can't imagine. He's a low key genuinely nice guy. He will be back to chat next week and answer questions, but in the meantime - read the article I wrote last year and then listen to our interview from last August. Michael will be back with us next week. I'll let you know which day as soon as we confirm.

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Emini Futures Trading / Up To My Neck I Tell You!

E-Mini S&P 500: The neckline is revisited!

The E-Mini S&P 500 seems to be revisiting the neckline of our previous head and shoulders formation!  $1341.00 is about 38 % of a retracement. The chart is temporarily still in a buy mode, but a potential sell mode may be anticipated. This week is all about the jobs, now that the announcement of the raid on terrorist leader Osama Bin Laden is behind us. It still remains to be seen as to the details of the raid.  Today, the ISM Non-manufacturing Index fell to 52.8 last month from March’s 57.3, below analysts’ expectations. We needed 50 to show growth. Applied Materials Inc., a chip equipment maker, is offering to buy Varian Semiconductor Equipment Associates Inc. for $53  per share to upgrade their technology.  Varian shares were up 51 % while Applied Materials slipped 1.1%. ConAgra Foods Inc. upped their offer to buy Ralcorp Holdings Inc.

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Emini FuturesCast / The Daily Pod 05/03/11

No politics today just straight to the market. OK, you gotta' admit the kick was pretty funny. Other than that we were well behaved and did our best to stay out of the ditch. Silver took out Sunday's lows right at the end of the broadcast. Our Tweet's from last night left you standing with about 8 ES points profit. If we see something good we'll let you know. If you see something good let us know @cfrn

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Emini Futures Trading / Back To The Future?

E-Mini S&P 500: Will we return to prices of 10 years ago?

The onslaught of news that Osama Bin Laden has finally been neutralized takes me back to May of 2001and does the market cycle? Well the high of May 2001 was $1335.00 and from the E-Mini S&P 500 chart of today, we may be heading back to that zone. Hopefully, we will not have any other repeated occurrences of that year. Today, the US March Factory Orders were up +3.0 % showing a more healthy recovery as this was the fifth straight month reflecting an increase. The increases in the Crude Oil actually had more of a positive note in our earnings reports as US Automakers, GM and Ford Motors have increased sales due to sales of fuel efficient cars. Other earnings reports due out later by Toyota and some Japanese Car makers may not bode as well with the earthquake in Japan having impeded the production of parts. Earnings reports were mixed today as MasterCard Inc.

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Emini FuturesCast / The Daily Pod 05/02/11

WARNING: This podcast contains language that has absolutely nothing to do with Wall Street, the financial markets or the practice of trading. However, after de-constructing the long form and burying the dead (at sea) we do touch briefly on the S&P, Gold, Silver, Wheat, Soybeans, T-Bills and the Euro. Go figure...

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Emini Futures Trading / Ding Dong Bin Laden Is Dead

Or Is He?

S&P 500 Emini: The E-Mini S&P 500 had a spike last evening on the news of a dispatched leading terrorist “Osama Bin Laden” by US Forces, who has been known for such attacks as 911. The market took the news as a positive for the US Government. President Barrack Obama had a boost for his next political campaign.  Some Americans may be skeptical as no US Government pictures, videos or body have been released. It was said that the body of the deceased had been buried at sea. It is the demise of one terrorist that created our rally last evening and even as it was short-lived, one terrorist at a time may still help investor sentiment. President Obama may re-structure the US involvement within the Middle East with this last deployment. It is likely that we will be seeking to unite all people in peace to combat any adverse thoughts toward this military action. It is May and we did not go away!  It will be crucial to see some positive economic reports this week. US ISM Index was 60.4 in April verses the 61.2 in March. Construction Spending was up 1.4 % to an annual rate of $768.9 billion. It has been feared that the high prices of Crude Oil and other products may in fact keep spending down. We look to monitor the inflation during these times as often it will lead to hindered profits for companies. 

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Emini FuturesCast / The Daily Pod 04/29/11

Friday's Show Notes have gone missing. As I recall, it was even more awesome than usual. Be sure to let me know...

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Emini FuturesCast / The Daily Pod 04/28/11

Silver approaches the historic Hunt Brothers high, Soybeans take a drubbing, the Euro fails to form a Doji on the daily chart and we spot a potential short term top in the indices. Oh, almost forgot... and a brand spanking new coil in the AC. Arrgh!

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