Tag Archive for 'futures'

Rolling over into the Greece

Published on March 8, 2012, 8:53 pm in Trading. Closed Tags: , , .

Time to rollover into the June contracts for the futures….The CME Group provides some Rollover Dates information. Sure you can continue to trade the March contracts until next Friday, but volume should move over to June in the next day or two. I’ll be finishing up with the March contracts tomorrow and start June trading on Monday.

Jobless claims moved up and slowed the market down a bit, but rumors of some nice things happening in Greece made the markets happy. Still don’t understand that. Supposedly we’ll get a final decision on Greece Friday so the markets will take off…or will traders sell the news?

I have noticed that the up days have been on lower volume than the down days. So there is a lot more interest in selling than buying…either way, volume isn’t much to excite anyone.

Markets take a dump

Published on March 6, 2012, 6:58 pm in Opinions and Trading. Closed Tags: , , .
Risk on the upswing as stocks on a downswing

This constipated market finally let loose today as it went down from the start of the futures open Monday night. When it was all said and done though, it sorta felt good. It was needed.

Now I guess a bounce may happen…but are we done with the pullback. I think not. Another test of the highs could happen, but I think the markets still need to clean out a bit. (yuk! How did I come up with this analogy?)

Greece is still the ugly stool that won’t go away. After three years you would think traders would have had enough of this bass ackwards economy. Risk moves up the line and traders getting edgy again. And when thay are edgy they trade…volume almost double yesterday’s ES contract volume. Mad rush to the exits! :mrgreen:

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….

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.

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?

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.

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.

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!

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.

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.