Emini Futures Trading / Wheels On The Bus Go 'Round and 'Round

E-Mini S&P 500: Back and fill?

 The E-Mini S&P 500 has failed yet another day to breach $1337.75 in order to maintain its bullish tone! Today, the E-Mini S&P 500 may have been pressured by the earthquake in Japan. No major damage was reported, but the thought of any natural disaster escalating further, simply brings fear into the marketplace. It is not just one country in repair, it is the nuclear reactors and the global future of the earth with the aftermath. The European Central Bank was on course today as they initiated a rate hike of a quarter percent bringing interest rates to one and a quarter percent. This would have influenced the market more, but Jean Claude Trichet came out with a statement to suggest that the action may not be continuous.

Click to read more ...

Emini FuturesCast / The Daily Pod 04/06/11

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

Euro Trade courtesy of PageTrader.

Click to read more ...

Emini Futures Trading / Stall At The Top?

E-Mini S&P 500: Are we there yet?

The E-Mini S&P 500 is at the crossroads and needs to surge through $1337.75 in order to maintain its bullish tone! We have been embroiled in the higher range of this market, yet the crucial break-out has not taken place. Clearly, we need the E-Mini to gather momentum, but it is difficult with light volume.  Watching the big picture in today’s marketplace, it was clearly the metals that took center stage advancing to higher highs. Perhaps the funds were back allocating to the safe-haven products.

Click to read more ...

Emini Futures Trading / Outside Day Leaves Market Unchanged

E-Mini S&P 500: an “outside” day still with a failure to penetrate resistance!

The E-Mini S&P 500 failed to penetrate major resistance at $1337.50 again another day! The Weekly E-Mini S&P 500 Chart just turned bullish today, but that may change if we are unable to pick up some momentum. The White House is currently abuzz over the US Budget Deficits. The market surely lacked incentive to break through any key resistance.  In the midst of the nuclear aftermath in Japan, the unrest in Libya, Syria and other countries, traders may just be a little cautious.

Click to read more ...

Emini Futures Trading / Low Volume Inside Day

E-Mini S&P 500: an inside day with a failure to penetrate resistance!

 The E-Mini S&P 500 failed to make any records today as it stayed in a 8.25 range! There is major resistance at $1337.50 that may be the deal breaker. A tight little range like this surely indicates that a larger move is on the horizon, but we are near to the highs. Even the days mergers and acquisitions could not cause the slightest rally today. Positive sentiment is usually created by the mergers. The energies are still pointed higher as Libya, Yemen and  Bahrain were in turmoil over the leadership within their countries. Gabon stopped oil production in Africa as a strike ceased production of some 240,000 barrels a day.

Click to read more ...

Emini Futures Trading / QE2 Party Over?

E-Mini S&P 500: 2^nd quarter starts with a bang!

The E-Mini S&P 500 broke out to the upside on jobs reports that point to a stronger economy. It is the first day of the second quarter and with that comes the hope of an economic recovery on course. US ADP Jobs Report showed that the private employers actualized 201,000 jobs in March! The US Initial Jobless Claims fell by 6,000! Today, the Labor Department reported that 216,000 nonfarm jobs were added in March, well above expectations. One concern is that the Federal Government may possibly pull back on the QE program as it expires in June. The Quantative Easing and the rate of recovery on course may be potentially positive for the marketplace and commodities in particular.

Click to read more ...

Emini Futures Trading / End Of Quarter

E-Mini S&P 500: Wall Street needs no mischief on April Fools Day!

The E-Mini S&P 500 remained in a tight range in quiet trading today as traders perhaps are waiting for tomorrow’s US Unemployment numbers. It is the beginning of the second quarter tomorrow!  US ADP Jobs Report showed that the private employers actualized 201,000 jobs in March! Today’s US Initial Jobless Claims fell by 6,000!  One gets the sense that traders remain locked and loaded for tomorrow’s trading. Friday’s can be tricky as the may be days for traders to offset positions that they may not wish to hold over the weekend.  April Fool’s Day may have tomfoolery in store depending on the report numbers and the fund activity. We are looking at an acceleration of growth and recovery through our employment picture.

Click to read more ...

Emini Futures Trading / That Ain't No Bull!

E-Mini S&P 500: Don’t stand in front of the Bull!

The E-Mini S&P 500 broke out of the previous range!  The bulls came out in force to accelerate the move up as Crude Oil seemed to get a little toppy.  The EIA Report today showed a build in the inventories of 2.9 million barrels.  MSCI’s all-country stock was up 1.4%.  The global marketplace seemed to be in an uptrend as many global energy stocks rose such as Cabot Oil & Gas Corp.

Click to read more ...

Emini Futures Trading / Outside Day

E-Mini S&P 500: Another outside day, the range widens!

The E-Mini S&P 500 had another outside day again mostly triggered by a lower US Consumer Confidence.  This was the lowest in the last three months. The E-Mini S&P 500 rose starting at 8:45 after the low of the day $1300.25.  Volume was light as traders hesitated to succumb to the risk in trading.  The fighting continued in Libya as Libyan Loyalists and Rebels battle over the oil producing areas. Yemen and Syria also have reported violence.  It is mostly the contagion fears that persist.  Japan is still dealing with the fallout from the earthquake and the tsunami as the radiation is of concern to not only Japan, but global neighbors as well.,/p>

Click to read more ...

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.

Click to read more ...