Tag Archive for 'futures'

Spastic

Published on October 26, 2011, 10:45 pm in Trading. Closed Tags: , , , , .

Crazy days in the market…up down and all around. On Monday we closed near the highs, on Tuesday near the lows and then near the highs again today. The markets are different things to different traders…hope they’ve been good to you.

Futures are taking off in the early globex session….up up and away! The Dow and Nasdaq are flirting with their 200-day average, while the S&P and Russell are working to move up and get close. If the Eurozone makes a decision we should fly. Otherwise, up, down, up, down….

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Greece puts it up our rear

Published on September 27, 2011, 11:06 pm in Trading. Closed Tags: , .

A 3-day European rally…based on nothing but innuendo and blips of news. This sucks! Traders were bolstered by a possible solution in Europe…but it looked like lotsa traders were bargain hunting…as well as profit-taking.

Home prices being up helped a little, but the focus is on Europe….and the news was generally good. But about a helf hour to close, the indexes cut about half if their gains to end up in the middle of their range. Oh well, better than ending in the red!

We’ve got three day until the end of the third quarter and Rosh Hashanah on Thursday. Let’s look for selling as money managers square up their books and many traders take the rest of the week off.

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Hurt so bad….

Published on September 23, 2011, 8:52 am in Opinions and Trading. Closed Tags: , .

Yes this market just hurts so bad! S&P futures markets came down to test 1100….and it may still not be done. There’s still the August low of 1072 to contend with. The markets are singing When Will I be Loved?

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That was scary…

Published on September 12, 2011, 11:18 pm in Opinions and Trading. Closed Tags: , .

…but ended nicely…as in up! The Sunday night trading was looking real ugly and indexes were down big. The low of the day was made in the pre-market and the high of day was made at the close. Now, do we follow-thru or stumble? The trading days have been made up of wide-ranging days and I don’t see that changing very soon.

Looks like the European banks are going to go through what US banks went through 3 years ago. This still has a lot of potential ugliness.

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Rollover

Published on September 7, 2011, 10:37 pm in Trading. Closed Tags: , , , .

It’s time to rollover all those September index contracts to December! Volume should shift tomorrow and Friday.

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Up day?

Published on September 6, 2011, 10:11 pm in Trading. Closed Tags: , , .

Sure, the indexes closed in the red…but it actually was a pretty strong up day. After making new lows at the open, the indexes kept creeping up…cutting its morning losses by two-thirds! The world was coming to an end last night, but finished today feeling good about itself.

Banks/Financials continued their sell-off…and energy and transportations joined in. The day could have been a whole lot uglier than it was.

And futures are looking frisky this evening. Is it time for this bottomming process to finally complete? Let’s go for a run up!

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Zero, zilch

Published on September 5, 2011, 11:11 pm in Trading. Closed Tags: , , .

What jobs? No jobs!

Futures took a dive for the holiday shortened Monday session and are continuing the downward pressure. Looking like a stinker. But remember, the Fed can step in at anytime and turn this around. Really hard to trade around this.

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Oh No! Not Again!

Published on August 18, 2011, 8:21 am in Trading. Closed Tags: , .

I woke up this morning with futures already down 2%+….shades of the last 2 weeks. Of course, it is OpEx week and that’s what is supposed to happen. I’m just surprised at the size of the range.

Europe is still the biggest pain in the news…so until that is resolved…or something else comes along, we will have to listen to this crap….and trade through it!

I live in my own little world. But it’s OK. They know me here.

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Up, down and around

Published on August 17, 2011, 12:07 am in Trading. Closed Tags: , , , .

It was a day that accomodated the bulls as well as the bears….and a great day if you go both ways! Volume increased a bit from yesterday, about a half-million contracts in the ES.

While economic news in the US was good, Europe continues to be a world-wide downer. So if Europe could get its sh!t together, I think we could be doing a lot better.

It still is options expiration week….a week designed to take as much money from as many people as money managers can. Watch those puts and calls!

Remember, after Monday and Tuesday even the calendar says W T F . . .

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Up, down and back to even

Published on August 1, 2011, 10:30 pm in Trading. Closed Tags: , , , , , .

The gap up was expected of course, but the reversal after only 15 minutes was a surprise. I unloaded half my long positions at, as it turns out, the high of the day. My thought was to hang on for a continued up move after a pullback. But, the pullback never stopped!

The S&P, Dow and Nasdaq broke through Friday’s low to notch new lows. But, the Russell did not make a new low…although it did close below its 200MA. The Dow tested its 200MA but bounced back up. The S&P broke through its 200 but managed to recover and close above…. A wide range day on all indexes. You would think with all that volatility the VIX would have gone up. Instead the VIX moved down. With the VIX down and the RUT not making new lows, there is some hope for the bulls.

The House passed the latest version of the debt-ceiling crisis bill. Now onto the Senate. It traders hated the announcement of a deal, just what will they do once it’s approved? Well, futures are near the low of the overnight session as I’m writing. Oh my!

A little bit of economic reports every day this week, but Friday brings the monthly aggravation of the employment situation…which can’t be too good. And of course, the never-ending debt-crisis will continue to wreak havoc. Can’t wait til it’s over so we can go back and worry about Europe! ;-)

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