Emini Futures Trading / Markets Firm Up On Globex
March 10, 2011 at 8:26 PM E-Mini S&P 500 takes nose-dive on tidal wave of pressure!
The E-Mini S&P 500 while floating in the coil this week lost its buoyancy sinking past its previous support levels. Will this be a “bounce dive” where it drops to the bottom temporarily and floats back up immediately or is this a technical break that may need to retrace to $1206.00? The market is up about 25 % since September. Perhaps a major retracement will be necessary. Yes, perhaps today was our “perfect storm” as the Initial Jobless Claims grew, the Trade Balance widened, our Trade with China was slack, China’s Trade Deficit grows, Moody’s downgraded Spain and the Libyan President Maummar Gaddafi led a wave of attacks on the Libyan Rebels as World Leaders look on. The Muslim World is a place for the US to tread lightly as any intervention may be construed as an invitation to retaliate on our soil.
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Emini Futures Trading / Big Move On Tap
March 9, 2011 at 5:40 PM “Coiled up” and ready to burst???
The E-Mini S&P 500 seems coiled up and ready to burst or spring! The market seems perplexed today as the narrow range portrays an apprehensive market that is awaiting a cue. Perhaps, E-Mini S&P 500 traders are having difficulty interpreting the data on the Crude Oil as Maummar Gaddafi holds his tenure while the Libyan Rebels continue with their plans to oust him. The battles are still going on as the US can only look on as our goal is to walk softly in the Muslim World. Our interference may lead to repercussions on our soil.
Emini Futures Trading / Are Bonds The Next Bull Market?
March 8, 2011 at 9:08 PM The E-Mini S&P 500 & Crude Oil on a teeter-totter!
The E-Mini S&P 500 appears on one side of the teeter-totter and the Crude Oil on the other while investors scurry back and forth trying to keep their balance in between. Kuwait’s Sheikh Ahmad al-Abdullah al Sabah had mentioned that there was no decision for Opec to boost their production quotas to suffice for the loss of the Libyan Oil exports. Previously, remarks were made referencing an increase in production. Saudi Arabia has mentioned an increase in production of their Crude Oil and President Obama has referenced a potential dip into the reserves. If Opec does increase production, it will be the first time in 2 years. The Crude Oil has pulled back somewhat today trading as low as $104.69 after reaching a high of $106.95. The relationships between the markets often will guide one through an uncertain time in the marketplace. One must know the impact that one market may have on another. That is why we take the time to observe some of the non-financial markets.
Emini Futures Trading / Pennant Formation
March 7, 2011 at 5:44 PM E-Mini S&P 500 pulled off its highs by Crude Oil and Tech Stocks?
The E-Mini S&P 500 appears to be in a pennant formation or consolidation zone. The prices of Crude Oil still control the marketplace as Maummar Gaddafi has not stepped down and the turmoil between the Loyalists and the Rebels still persist. The market technically could use a retracement, but the bears seem quite cautious to sell this market. We have had some underlying strength to support it. Recovery was gradually making its way through varied reports and sectors. The QE is in place to catch us if we fall. President Obama had mentioned that he may release some Crude Oil reserves. Saudi Arabia offered to pick up their output.
This Weeks Public Emini Radio Broadcast
March 5, 2011 at 4:58 PM CFRN Daily Public Radio Broadcast / 12noon-1pm EST
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