Emini Podcast / The Daily Futures 11/07/11

Lehmans first stock certificate auctioned today for 30,000 Euros.

Bank of New York Mellon Corp., the world’s largest custody bank, is in early stage talks with federal prosecutors to settle accusations the bank overcharged customers for foreign-exchange trading, according to a person briefed on the discussions.

The U.S. Attorney in Manhattan filed suit against New York- based BNY Mellon on Oct. 4, the same day the bank was sued by New York Attorney General Eric Schneiderman, who said the bank defrauded public pension funds of $2 billion over 10 years. Attorneys general in Virginia and Florida have filed similar lawsuits, as have pension funds in Los Angeles and other California counties.

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Emini Podcast / The Daily Futures 11/04/11

Greek Prime Minister George Papandreou survived a parliamentary confidence vote on Saturday, avoiding snap elections which would have torpedoed Greece's debt crisis bailout deal and inflamed the euro zone's economic crisis.

But the nation remained mired in political, social and economic turmoil and Papandreou signaled he would stand down, calling for a new coalition to ram the 130-billion-euro bailout deal through parliament and avoid the nation going bankrupt.

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Emini Podcast / The Daily Futures 11/03/11

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

Partners meeting tonight so no time for jibber jabber. Click the headphones above for the "1257 is life really fair trade?" See you all tomorrow.

On Tuesday we did mention that if the market could muster a rally this week we expected 1256/1257 to be resistance on the first trip up. Here's a look...

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Emini Podcast / The Daily Futures 11/02/11

As predicted the QE3 looms large on the horizon. Good idea? Bad idea? It doesn't matter. Unlike the good folk of Greeceland, you have no say in it. I know you think you understand what it really is and why they are doing it and why the markets seem to like it. Trust me, unless you've seen the following video you really don't understand it. Now before we cozy up for the movie I do want to bring this tid-bit to your attention. People are leaving Greece by the BUS-load. It's true. Now they think they're simply leaving their troubles behind, and that's ok. Just between you and me they are leaving something else behind... it's really big and really important - OPPORTUNITY!

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Emini Podcast / The Daily Futures 11/01/11

There's 2 hours 46 minutes and 41 seconds available by clicking the headphones above, or 12 minutes by clicking the video below. Either way you go - it's awesome. (he humbly mumbled)

The trade that keeps on giving

Live Trading Room Results

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Emini Podcast / The Daily Futures 10/31/11

MF Global and Euro-Zone worries take further toll on markets. At the end of today's broadcast we said we liked being short below 1264 on the ES / S&P 500 Emini Futures. The ensuing decline delivered 22 points. Markets have made a small attempt to rally on the Asian open. If price does trade higher on Globex watch 1256 on the first trip up as potential resistance. Despite today's sell-off we believe this week still holds the potential for moderate volatility.

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Emini Podcast / The Daily Futures 10/27/11

Partner's Meeting Tonight - no time to chat. Enjoy the pod, see you tomorrow.

Oh, there was this -

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Emini Podcast / The Daily Futures 10/26/11

Mike Reed is BACK! He spent well over an hour with us on the show today. To all of you who prayed, emailed and reached out, Thank You!. Now maybe these markets can come to their senses with the Trade Stalker back in the saddle.

A now a quick visit with our friend -

The Zone Ranger

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Emini Podcast / The Daily Futures 10/25/11

At the close of today's show I made a bold statement.

"There are very few absolutes in the world of trading.
However, I absolutely guarantee you...
that price will either go to 1227 or 1244."

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Emini Podcast / The Daily Futures 10/24/11

If the markets are a true barometer of global economic health as many profess, how do you explain away the current mess? The only good news we've had of late is the fall of a dictator yet the Dow is on track for the largest single one month point gain in history. Seriously? Bigger than any month in the days of the dot com bubble? Yep. It doesn't take a psychic or a scientist to see that something is horribly flawed with this picture. We all know bubbles don't last. At least I hope we all know that... right?

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