GS looks like it's going to gap over it's max contain pt. the next level where position trades could be taken is the intersection of the brown & purple lines 168 area
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.
GS daily update
http://www.flickr.com/photos/47091634@N04/44088…
GS looks like it's going to gap over it's max contain pt.
the next level where position trades could be taken is the intersection of the brown & purple lines 168 area
For the XLF, the 15.22 level
Good Morning, Gcocks.
TNA (currently $49.45) is above its pivot line ($48.30), so it's a TNA day at this point.
TNA should gap up again for the 5th straight day. If the gap gets filled (it did yesterday), maybe I can get some TNA then.
Not going to be happy if it just starts running from the open, as I have none.
Good Morning Earl, What are you up to today.
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.