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April 7, 2011 at 9:45 PM Garrett Jones dropped in today and shared a method that Mark Hulbert calls "the best he's ever seen..." This isn't the latest new thing and Garrett didn't discover it himself. He simply read a book... in the 70's.
Want the name of the book? Of course you do! Tune in and turn on.
April 7, 2011 at 8:25 PM E-Mini S&P 500: Back and fill?
The E-Mini S&P 500 has failed yet another day to breach $1337.75 in order to maintain its bullish tone! Today, the E-Mini S&P 500 may have been pressured by the earthquake in Japan. No major damage was reported, but the thought of any natural disaster escalating further, simply brings fear into the marketplace. It is not just one country in repair, it is the nuclear reactors and the global future of the earth with the aftermath. The European Central Bank was on course today as they initiated a rate hike of a quarter percent bringing interest rates to one and a quarter percent. This would have influenced the market more, but Jean Claude Trichet came out with a statement to suggest that the action may not be continuous.
learn to trade eminis, sp emini April 6, 2011 at 6:25 PM euro, learn to trade eminis, sp emini April 6, 2011 at 5:51 PM E-Mini S&P 500: Are we there yet?
The E-Mini S&P 500 is at the crossroads and needs to surge through $1337.75 in order to maintain its bullish tone! We have been embroiled in the higher range of this market, yet the crucial break-out has not taken place. Clearly, we need the E-Mini to gather momentum, but it is difficult with light volume. Watching the big picture in today’s marketplace, it was clearly the metals that took center stage advancing to higher highs. Perhaps the funds were back allocating to the safe-haven products.
learn to trade eminis, sp emini April 5, 2011 at 5:54 PM E-Mini S&P 500: an “outside” day still with a failure to penetrate resistance!
The E-Mini S&P 500 failed to penetrate major resistance at $1337.50 again another day! The Weekly E-Mini S&P 500 Chart just turned bullish today, but that may change if we are unable to pick up some momentum. The White House is currently abuzz over the US Budget Deficits. The market surely lacked incentive to break through any key resistance. In the midst of the nuclear aftermath in Japan, the unrest in Libya, Syria and other countries, traders may just be a little cautious.
learn to trade eminis, sp emini April 4, 2011 at 6:03 PM E-Mini S&P 500: an inside day with a failure to penetrate resistance!
The E-Mini S&P 500 failed to make any records today as it stayed in a 8.25 range! There is major resistance at $1337.50 that may be the deal breaker. A tight little range like this surely indicates that a larger move is on the horizon, but we are near to the highs. Even the days mergers and acquisitions could not cause the slightest rally today. Positive sentiment is usually created by the mergers. The energies are still pointed higher as Libya, Yemen and Bahrain were in turmoil over the leadership within their countries. Gabon stopped oil production in Africa as a strike ceased production of some 240,000 barrels a day.
learn to trade eminis, sp emini April 1, 2011 at 10:18 PM April 1, 2011 at 9:43 PM E-Mini S&P 500: 2nd quarter starts with a bang!
The E-Mini S&P 500 broke out to the upside on jobs reports that point to a stronger economy. It is the first day of the second quarter and with that comes the hope of an economic recovery on course. US ADP Jobs Report showed that the private employers actualized 201,000 jobs in March! The US Initial Jobless Claims fell by 6,000! Today, the Labor Department reported that 216,000 nonfarm jobs were added in March, well above expectations. One concern is that the Federal Government may possibly pull back on the QE program as it expires in June. The Quantative Easing and the rate of recovery on course may be potentially positive for the marketplace and commodities in particular.
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