To all the bull’s dismay, 1850 remains a maginot line for the cash S&P. the momemtum players couldn’t run the stops above, and now there are so many earnings coming out, there’s bound to be enough bad news to send people to the sidelines on their longs.
There are two key trend-line in the Dow mini an S&P mini. Look at the charts below.
YMH is trading at 16,118 currently, down 199 […]
To all the bull’s dismay, 1850 remains a maginot line for the cash S&P. the momemtum players couldn’t run the stops above, and now there are so many earnings coming out, there’s bound to be enough bad news to send people to the sidelines on their longs.
There are two key trend-line in the Dow mini an S&P mini. Look at the charts below.
YMH is trading at 16,118 currently, […]
I was fortunate enough to be on Fox Business News with Liz Claman’s on Countdown. She was pretty excited about the cash S&P making new all time highs. 1850 cash is a big psychological level. Nothing unusual there. Financial Anchors know that America loves a bullish story. Its always nice to feel good about new highs. Viewers like it ; therefore advertisers like it.
The panic low in 2009 was 666. Triple that and you get 1998. IF we are able to take out 1850, that would be my upside target. A triple would pull any remaining bears out of hibernation and then make them […]
There is a decent trend-line to trade around in Dow futures. 16413 is today’s high. Intersection comes in at 16,425.
There is probably 100 pts above and below the trade will try to explore. 16179 was the low yesterday and Monday. That looked like a decent break to buy at the time (see below).
If you bought it, move your stop up and forget about it.
I have no idea if we are going to scream to new highs. Its a toss up. There is a lot of […]
On December 16th we fell to 15,608,. That was the Dow futures low for 2 months. We rallied 16,540…. That’s 932 point swing in 11 trading days. But we swung higher.
But drop 361 pts to today’s low and suddenly people re-act as if the 4 horse men just rode across the horizon.
This is a 38% pull back. 16,075 is half way back and would be a good place to buy it on a spec.
If that doesn’t hold, next stop is 16,000.
I like buying a […]
A lot can be said about the slew of data today. Unemployment dropped percentage wise, but that doesn’t account for the following ” December, the economy added only 74,000 jobs – not nearly enough to keep up with population growth –and 347,000 left the workforce. That means for every one job added, nearly 5 people left the workforce entirely. There are now nearly 92 million Americans outside the workforce, resulting in the lowest participation rate in 36 years. The fact that the Dow held up in the fact of that news was impressive, but if you stop and think about it, the market has discounted […]
Below is a weekly Chart of “old-crop” corn. CH14. Its an ugly site if you were too bullish in 2013
Now the world has finally gotten bearish. Is the herd really right this time?
Everyone has woken to the fact that we have large crops, 5 to 6 Billion bushels of corn stored and un-priced by the American Farmer, non-threatening weather in S.A (Despite every doom and gloom global warming meteorologist out there)…. We do have temperature extremes. Hottest temps in Australia for Summer; Coldest temp on record here in […]
If you’ve been following along, Gold found support right below 1200. We had a nice $40.00 bounce here and today looked like we might extend higher up to the top of this channel.
Look for these rallies as chances to sell, with downside cover targets toward the 1296 level.
CER
It happens all the time. And I’ve written about it again and again, but , to be consistent, lets start 2014 out with the golden rule.
Financial reporters only like markets that rally, Give em a 1 pt rally or a 1000 pt rally and they are happy. Any down day, and they are giving the proverbial duck face and seem to take on the “1000 mile stare” attributed to shell shocked WWI and WWII vets. Honestly.
Today’s a case in point.
Between 12/16 and 12/31;;; the Dow rallied almost 1000 pts!!! Good God!.
Today we were down 105, and the headlines were “Buy […]
Reality finally set in to for the bean bulls. The target of 13.00 was reached today. Covered short bean positions with average sales around 13.30.
This trend line will be key. We might snap around this T-line.
I’d be done with SF b/c its delivery month.
Move on to SH14 where the liquidity is better as it’s the top step option.
The proof in the pudding will be Monday. That’s really when everyone will be back at work.
If the funds are long and wrong here, […]