June S&P E-mini Futures: Today's range estimate for the June contract is 1143 – 1156. I think a drop into the 1120-30 zone is imminent. Looking further ahead, look for the ES to reach the 1200 level by the end of May.
1134 -1145.50 actual range yesterday (11.5 points) 1143-1156 estimated range today (13 points) Currently 1151, so -8 to +5 from here
the chart that people should have their eyes on is the $TNX weekly, moving day is coming soon http://www.flickr.com/photos/47091634@N04/44264… whether the $TNX breaks up or down, it's probably not going to generate a positive reaction in equities
John Hussman is one of the brightest mind in finance. I came to learn about his work back when he was still a professor at U of Michigan. You will find his analysis illuminating.
Earl, I just sold my TZA. Are you in TNA
Carl just now:
June S&P E-mini Futures: Today's range estimate for the June contract is 1143 – 1156. I think a drop into the 1120-30 zone is imminent. Looking further ahead, look for the ES to reach the 1200 level by the end of May.
1134 -1145.50 actual range yesterday (11.5 points)
1143-1156 estimated range today (13 points)
Currently 1151, so -8 to +5 from here
Thanks
for those with the mindset that the move from March 9, 09 has been a correction then the place for it to terminate is near
$SPX monthly- $SPX is currently in a co-relational move to 3/03' dancing with max contain
http://www.flickr.com/photos/47091634@N04/44264…
$RUT- is points away from it's 679.75 level, the TA enthusiasts will see a massive H&S
http://www.flickr.com/photos/47091634@N04/44271…
the chart that people should have their eyes on is the $TNX weekly, moving day is coming soon
http://www.flickr.com/photos/47091634@N04/44264…
whether the $TNX breaks up or down, it's probably not going to generate a positive reaction in equities
Thanks SC have not seen these before.
keep up the hard work red. This is unsustainable –
http://market-ticker.org/archives/2068-New-Fed-…
Going to the Fed site and if you look at money flows it reeks of deleveraging and no recovery.
http://www.federalreserve.gov/releases/z1/Current/
Yep. The term you are looking for is “kicking the can further down the road”.
http://www.hussman.net/weeklyMarketComment.html
John Hussman is one of the brightest mind in finance. I came to learn about his work back when he was still a professor at U of Michigan. You will find his analysis illuminating.
I wonder what their odds of success are? Slim or None, I'd say… Delay? Yes… Stop? NO…
They are trying to prevent or reverse this…
http://consumermetricsinstitute.com/index.html
Very possible… That's in November of this year, isn't it? Just keep it up/sideway's until it's over… then pull the plug!