Emini Futures Trading / Triple Top - Pop Or Flop?

E-Mini S&P 500: Triple top pop or flop?  

The E-Mini S&P 500 had an inside to lower day that we did not anticipate, again with lighter volume.  This market needs to extend to new highs over $1296.50 to continue its bullish stance.  We still have the fighting in Libya which supports the Crude Oil to higher territory.  The Crude Oil is trading around $105.45, the previous high of July 2007 of $147.27 does not seem so terribly out of the question if this continues.  The E-Mini S&P 500 usually trades inversely to the Crude Oil.

Click to read more ...

Emini FuturesCast / The Daily Pod 03/22/11

(QQQQ)(DIA)(SPY)(GLD)

by DeWayne Reeves

Connect with us:

Emini Podcast for Tuesday 03/22/11

Emini Futures Trading / No Fly Zone Over Wall Street

E-Mini S&P 500:  No fly zone over Wall Street?  

The E-Mini S&P 500 had an inside to higher day as we had anticipated, but with lighter volume.  This market has faced headwinds in the recent weeks as Maummar Gaddafi troops rained destruction on protestors who launched revolts against the ruling dictator.  The US has waited for NATO to vote and issue the No Fly Zone over Libya adding that the mission is to save civilians and not oppose the current regime.  Japan has controlled the nuclear incident to the point of giving a renewed confidence in the strength of their industrious nation.  This market needs some buying momentum to jet to new levels.  The Crude Oil has been a drag for the market as inflation concerns may pressure the E-Mini S&P 500.  On the stock side, Netflix Inc. was up 3.2 while Walgreen Co. was down 6.4 .  Sprint Nextel Corp was up 3.9 %.  There are mixed reports and mixed sentiments floating about in the marketplace.

Click to read more ...

Crude Oil Update / Potential $3 Move On Tap

Crude Oil

Forecast:

May Crude Oil Update (08:43:07 am).  David from PageTrader posted this morning that daily closes above $102.05(worst case scenario 101.85) will be the earliest for a March 23^rd (+/- 1 day) daily market bottom and an initial advance of approximately $3.00 off then the current low(today’s current low has been $102.10, so far).  Here’s were we stand, the 1^st wave has been completed, today’s high has been $105.18(102.10+3.00=105.10).  Tomorrow is the on time date and should offer us an opportunity to participate in the 2^nd leg of the advance or another $3.00 higher.  Yes, that means Crude will be pushing the old top or the $108 level.  

Click to read more ...

Emini Futures Trading / A Rally To Nowhere?

E-Mini S&P 500 up only to sell again!

The E-Mini S&P 500 had an inside to higher day as we had anticipated.  Today, we started lower and gradually worked up to closing near the highs.  The nuclear reactors in Japan have been contained as engineers struggled to get them back online to cool the reactors.  Some were possibly ruined as initially the workers had drawn sea water to cool the reactors.  Progress in Japan has somewhat created a positive outlook for the marketplace.  Warren Buffett has even come out to forecast the Japanese stock as buying opportunities.  Note that the Japanese have a long road ahead with possible food contamination, economic strain to rebuild the country,  care for the dislocated workers and potentially issue relief programs for the people.

Click to read more ...

The Emini FuturesCast / Daily Emini Pod 03/18/11

(QQQQ)(DIA)(SPY)(GLD)

by DeWayne Reeves

Connect with us:

Emini Podcast for Friday 03/18/11

Emini Futures Trading / Triple Witching Wobble

E-Mini S&P 500; Triple Witching wobble?

The E-Mini S&P 500 had an inside to higher day Friday as we had anticipated.  Volatility seems to be increasing in the marketplace as the newswires heat-up with calamities.  We were oversold from the previous moves lower, so it was only natural to retrace higher.  (Please read Thursday’s report for our anticipated high!)  Another factor, was the Triple Witching;  An event that occurs when the contracts for stock index futures, stock index options and stock options all expire on the same day. Triple witching days happen four times a year on the third Friday of March, June, September and December.

Click to read more ...

Open House Thank You Gift

Thanks For Attending Our Open House

Hopefully you learned something useful and maybe even had a little fun. Trading is serious business though and if we aren't careful, we can end up feeling like this poor fellow...

 

Click to read more ...

Emini Trading Open House And You're Invited

Join us for 2 hours of Live Trading today from 9:30-11:30am EDT. Even if you've already taken a free trial in the past, come hang out anyway.

https://www1.gotomeeting.com/register/757448088

PW = shalom

No Guesswork With Us!  Exact Entries and Exits - To the Tick!

Click to read more ...

Emini Futures Trading / Market Pops On Globex Open

E-Mini S&P 500; Inside to lower day with lighter volume?

 The E-Mini S&P 500 had an inside to lower day as we had anticipated.  Volume seems light as traders try to keep up with the global newswires to decipher the extent of impact each “crisis” may have on the market.  We had the Euro Zone debt crisis which is still looming in the shadow at times, then we have the unemployment and housing market woes of the US, then the earthquake and tsunami from Japan creating destruction and now NATO has come forward to declare the “no-fly zone” in Libya as the fighting between the loyalists and rebels heat up.  Maummar Gaddafi is anxious to overtake the rebels by sending air support to incapacitate the rebels.  The UN Security Council had voted on the issue and 10 out of the 15 members had agreed to issue the resolution.  Their agenda focused on the issue of protecting civilians, but at what cost?

Click to read more ...