Emini Futures Trading / Pop Fly On Asian Open

E-Mini S&P 500: Propelled higher by earnings reports?

The E-Mini S&P 500 had an inside to higher day mostly propelled by anticipated higher earnings reports!  We have overcome the fears of a nation of people facing the earthquake in Japan followed by the tsunami, the turbulence in Libya and now possibly Syria, the debt woes of the Euro Zone to a renewed confidence in the market.  Note the events are still in play, but the sentiment has turned optimistic in some of the headwinds of these events.  Acquisitions, mergers and earnings reports have been the fuel for the market in the face of many natural disasters and economic uncertainty.  Semiconductor stocks helped launch the market as Micron Technology Inc.

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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.

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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.

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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.

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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?

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Emini Futures Trading / Meltdown Leading To Meltup?

E-Mini S&P 500; Could Nuclear meltdown lead to Market meltup?

The E-Mini S&P 500 seems to be in a meltdown lately hopefully more than the Nuclear Reactors!  For months, we have noted this market trading higher without any major retracements.  There have been some negative economic reports, we have been concerned over inflation, there are battles in the Middle East and we still have a large unemployment number to deal with.  Well, it has taken a fear of nuclear reactors leakage through one of the most traumatic natural disasters that we have experienced in some time.  Each country is now assessing the safety of their nuclear sites while countries such as Italy and Poland are progressing to establish their first Nuclear Reactors.  Japan must produce more Liquefied Natural Gas to substitute with the loss of energy from the reactors.

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Emini Futures Trading / A World In Crisis

E-Mini S&P 500 - Battles, Earthquakes and Tsunami’s~!

 The E-Mini S&P 500 fell in the early morning as the Libyan conflict ensued.  This week, we also got a tarnished picture of the Euro Zone as Moody’s came in with the downgrades.  To top it off, we had the warnings of earthquakes in Japan and a Tsunami that may in fact impact 20 countries.  It will probably not be known until Monday the extent of the damage.  While insurance companies may suffer some consequences, this actually may help in the case of the tangible commodities and job force as buildings may have to be rebuilt, roads may warrant reconstruction.  The battle in Libya appears to be a thorn in the side of our Leaders.

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Emini Futures Trading / Markets Firm Up On Globex

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 / Gap And Go

I guess the only way to go is up… E-Mini S&P 500?

The Initial Jobless Claims today fell by 20,000 to 368,000, the lowest it has been in over 2 years!  This report along with yesterday’s Beige Book summary showed the ADP figures for Private Sector Jobs added 217,000 jobs in February above expectations.   We expect a very positive US Unemployment Report tomorrow morning!  Our US Manufacturing and Retail Sales are expanding.  The US Service Sector rose to 59.7 from 59.4.  Industrial Stocks led the market higher.

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Emini Futures Trading / Mideast Tension Continues - Dateline 3,000 B.C.

Follow the yellow brick road…E-Mini S&P 500!

The Beige Book summary released today had shown that economic activity is on an upswing with retail and manufacturing expansion!   It is a commonly used name for the Fed report called the Summary of Commentary on Current Economic Conditions by the  Federal Reserve District.  It is published just before the FOMC meeting on interest rates and may be viewed as a gauge to inform the members of changes in the economy since the last meeting.  Even more importantly the ADP figures for Private Sector Jobs may be used to add or subtract the forecasts for Friday’s US Unemployment.  Employers added 217,000 jobs in February above expectations.   This is fairly positive and bodes for a better Non-Farm Payrolls Friday, but another concern is that the jobs may be temporary and not permanent!  Even with the pleasing US Report, we still look to the turmoil in the Middle East for direction. 

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