March S&P E-mini Futures: Today's range estimate is 1126-1140. The employment number came in pretty much as expected and as I write this the market is trading about 7 points higher than yesterday's pit close. I expect the market to reach 1200 over the next three months.
1016-1130 Yesterdays expected range 1126-1140 Todays expected range Current is 1129.50 so -3.5 to +10.50 from here
Buying power is still exceeding selling power, as money continues to flow into leading sectors. Money is NOT flowing out. Thus, no basis for bearish position. That may change in a few days, but until then… When in doubt, follows the money.
They have had the last 2 days to reach that 1127 level, yet they haven't went there? Why is that? Do they know that a lot of seller's are probably sitting at that level, and they don't want the market selling off hard yet?
It's like they are wait for something? Is it the jobs info tomorrow? Or something else? I know they could have taken it to 1127 within the last 2 days, as volume has been really light. I would really like to know what they are planning… as somethings' fishy.
Basically, the candle today resolved nothing, and the possible buy and possible sell of yesterday continue for one more day.
TNA is a SELL-IF (sell tomorrow if conditions are right). Today and yesterday formed a White Spinning Top after a Bearish (Doji) Star Pattern. Sell TNA tomorrow when it seems likely that TNA will close with a down day and with a black candlestick.
TZA is a BUY-IF (buy tomorrow if conditions are right). Today and yesterday formed a Black Spinning Top after a Bullish (Doji) Star Pattern. Buy TZA tomorrow when it seems likely that TZA will close with an up day and with a white candlestick.
be alert for exhaustive signs:
this is going to be the 6th consecutive gap up on the SPY
1127.38 gap is going to get filled @ the open
de-leverage area hit on financials
Carl Just now:
March S&P E-mini Futures: Today's range estimate is 1126-1140. The employment number came in pretty much as expected and as I write this the market is trading about 7 points higher than yesterday's pit close. I expect the market to reach 1200 over the next three months.
1016-1130 Yesterdays expected range
1126-1140 Todays expected range
Current is 1129.50 so -3.5 to +10.50 from here
Carl is long one unit of /ES
the opening is going to be very very important
IWM 65.70 level, i alerted a couple days ago that it was the level for a possible reaciton
GS- 164.01- the bear flag that wasn't
the 1127.38 gap is going to get filled @ the open so my inventory on this setup is going to be liquidated
XLF 15.01 – de-leverage area hit
Fujisan was dead on, wasn't she? Ha! That's perfect, now if it will only fall too…
Leo & Co.
This call so far is amazing.
check out Fusijian at:
http://slopeofhope.com/2010/03/fujisan-and-the-…
Monica,
I feel pretty good about buying TZA if conditions are right for the buy signal.
Buying TNA here because the sell signal failed feels awkward and iffy and 32% too late. Might work.
Buying power is still exceeding selling power, as money continues to flow into leading sectors. Money is NOT flowing out. Thus, no basis for bearish position. That may change in a few days, but until then… When in doubt, follows the money.
So buy TZA if it looks like it will be up and buy TNA if that looks like it will be up?!
They have had the last 2 days to reach that 1127 level, yet they haven't went there? Why is that? Do they know that a lot of seller's are probably sitting at that level, and they don't want the market selling off hard yet?
It's like they are wait for something? Is it the jobs info tomorrow? Or something else? I know they could have taken it to 1127 within the last 2 days, as volume has been really light. I would really like to know what they are planning… as somethings' fishy.
The view from Americanbulls
Basically, the candle today resolved nothing, and the possible buy and possible sell of yesterday continue for one more day.
TNA is a SELL-IF (sell tomorrow if conditions are right). Today and yesterday formed a White Spinning Top after a Bearish (Doji) Star Pattern. Sell TNA tomorrow when it seems likely that TNA will close with a down day and with a black candlestick.
TZA is a BUY-IF (buy tomorrow if conditions are right). Today and yesterday formed a Black Spinning Top after a Bullish (Doji) Star Pattern. Buy TZA tomorrow when it seems likely that TZA will close with an up day and with a white candlestick.