Emini Futures Trading / SP Emini Reaches 1340 Weekly Zone
A Bullish Force to be reckoned with!
The E-Mini S&P 500 reached a high today of $1340.00 in the midst of a variety of adverse elements! It is amazing that the E-Mini S&P 500 could blow-off the two warships heading for the Suez Canal. The canal is owned and maintained by the Suez Canal Authority of the Arab Republic of Egypt. The market shrugged off protests in Iran, Yemen and Bahrain. The volume decreased slightly. The Initial Jobless Claims Report came in higher than anticipated increasing 25,000.
Emini Futures Trading / Mid-East Tension
E-Mini S&P 500-Tensions heat up in the Middle East!
The E-Mini S&P 500 reached a high today of $1336.00. The volume increased. Tensions between Israel and Iran started to heat up as Iran’s War Ships are en route to Syria. Israel’s Foreign Minister regarded the voyage of the two Iranian War Ships as “provocation” by Tehran. This is a news story that could affect the US to a great extreme as the alliance between Israel and the US is so strong. Hopefully
Emini Futures Trading / Asia Rallies On Globex
Bears Win Tug of War Today
Today’s disappointments were Retail Sales and the energy complex. A modest 0.3% rise in retail sales for January and a December lower revision dampened the bull spirits. In addition, Import prices rose by 1.5% in January as the cost of food and energy has skyrocketed. The energy complexes including the refiners were down and indirectly weighed on the SP EMINI. Crude settled at a multi week low, gasoline dropped over 1% as supplies build and demand remains low.
Emini Futures Trading / Turn Around Tuesday?
E-Mini S&P 500-Turn-around Tuesday?
The E-Mini S&P 500 reached a high today of $1331.25. The volume seemed to fall off a bit and many analysts may be viewing this as a sign of weakness. We have had a persistent rally that has endured an occasional negative jobs report and many factors that may have brought it down, but didn’t. The copper market has also shown increased strength. The copper in years past has run with the E-Mini S&P 500.
New Live Radio Broadcast Schedule
Beginning Monday 02/14/11
12 Noon - 1 PM EST
Point your browser to any of the following -
Be sure to bookmark your favorite listening post.