Sign inRecent Commentaries tagged (equities)
Planning for the week to come.
Last week the SPY rallied 4 days on average volume and found resistance at its 50SMA on the daily chart. It closed near it’s 61.8% retrace fib level from the lows made at 104.58 on 2/5. So the SPY has two major places of resistance at its current level with 50 day moving average and the 61.8%...
Syndicated Content
The Greeks are known for many things. The Parthenon, Pythagorean theorem, mischievous God’s and a debt crisis that is moving the US markets. In this week alone, the market has rallied on news that the EU would help Greece with its debt. Wednesday, Feb. 9, at 11:45 am the SPY (chart below)...
OPTION TRADE OF THE DAY
OPTION TRADE OF THE DAY! 2-5 Emini S&P- The market’s recent sell-off is looking like a Fibonacci Digestive move from the November lows. We recently liquidated or Dow put spread and are now buying the dip using the May Emini options. We are looking for the market to return to its...
S&P 500, NASDAQ break price, volume trend lines
January 26, 2010: The S&P 500 and NASDAQ 100 have broken their long term price and volume trends that began back in March 2009. Dow broke its price trend but not the volume trend. We will look at the exchange traded funds (ETFs) of three indicies which are SPY (for S&P 500), QQQQ (for NASDAQ...
S&P 500 Due for a Pullback?
Just a reminder, these charts are posted as examples of the trades on the nightly COT Signals email. These trades will help illustrate the mechanics that go into creating the nightly email.This morning's example is a sell signal in the S&P 500. First of all, we negative commercial momentum....
Trust Your Instincts
On December 2nd, I wrote a blog post entitled “Let’s Talk About Gold”. I had written that their was just to0 much talk about Gold and their were way to0 many analysts putting unrealistic price targets on the price of gold. For example, Peter Schiff, president of Euro Pacific capital claimed by...
COMMODITY TRADING SCHOOL MARKET SUMMARY 12/09/09
Commodity TRADING SCHOOL COMMODITY TRADING SCHOOL FUTURES MARKET SUMMARY 12/09/09 SUMMARY OF UPCOMING DATA 12/10/09 8:30 AM US INTERNATIONAL TRADE -$36.4 B WEEKLY JOBLESS CLAIMS (460 K) 10:30 AM EIA INVENTORY #: NAT GAS. 1:00 PM US 30 YEAR BOND AUCTION ($13B) DATA RESULTS 12/09/09
COMMODITY TRADING SCHOOL MARKET SUMMARY 12/08/09
Commodity TRADING SCHOOL COMMODITY TRADING SCHOOL FUTURES MARKET SUMMARY 12/08/09 SUMMARY OF UPCOMING DATA 12/09/09 10:00 AM US WHOLESALE TRADE 10:30 AM EIA PETROLEUM REPORT 1:00 PM US 10 YEAR NOTE AUCTION ($21 B) DATA RESULTS 12/08/09 US 3 YEAR NOTE AUCTION: BID TO COVER 2.98-YIELD...
Trading with Patience
Usually Monday are more exciting for intra day traders: new information from the weekend, pent up demand/supply on the sidelines waiting to get involved, or something makes the market move. However every once in a while we get a Monday that is very flat and boring as today was. That is when you...
COMMODITY TRADING SCHOOL MARKET SUMMARY 12/03/09
Commodity TRADING SCHOOL COMMODITY TRADING SCHOOL FUTURES MARKET SUMMARY 12/03/09 SUMMARY OF UPCOMING DATA 12/04/09 8:30 AM US NONFARM PAYROLL (-100K), UNEMPLOYMENT (10.2%) 10:00 US FACTORY ORDERS (0.2%) DATA RESULTS 12/02/09 US WEEK JOB CLAIMS (457 K/485 K), PRODUCTIVITY (8.1%-8.6%),...
COMMODITY TRADING SCHOOL MARKET SUMMARY 12/01/09
Commodity TRADING SCHOOL COMMODITY TRADING SCHOOL FUTURES MARKET SUMMARY 12/01/09 SUMMARY OF UPCOMING DATA 12/02/09 8:15 AM ADP EMPLOYMENT REPORT 10:30 AM EIA INVENTORY REPORT 2:00 PM BEIGE BOOK DATA RESULTS 12/01/09 ISM MFG INDX (53.6 vs.55.0) US CONSTR SPEND (0.0 -0.4%) PENDING HOME...
COMMODITY TRADING SCHOOL MARKET SUMMARY 11/30/09
Commodity TRADING SCHOOL COMMODITY TRADING SCHOOL FUTURES MARKET SUMMARY 11/30/09 SUMMARY OF UPCOMING DATA 12/01/09 10:00 AM ISM MFG INDX (55.0) 10:00 AM US CONSTR SPEND (-0.4%) 10:00 AM PENDING HOME SALES INDEX DATA RESULTS 11/30/09 CHICAGO PMI (56.1 VS. 53.0) US DEBT REVIEW...
Know Your Sector…
Even when you are trading on an intra-day basis you still need to do your homework in regards to the stocks you are trading, things like: knowing levels of support and resistance on multiple time frames, understanding the direction and flow of the overall markets so you are trading with the wind...
Ready, Set, Go!
1 day and counting till Black Friday! Retailers like Walmart (WMT) , Kohls (KSS), Sears (SHLD) , Target(TGT) and Amazon (AMZN) wait all year long just for this one day. It is the day that they are supposed to turn profitable on the year, hence the term “Black Friday”. With the economy still...
COMMODITY TRADING SCHOOL MARKET SUMMARY 11/24/09
Commodity TRADING SCHOOL COMMODITY TRADING SCHOOL FUTURES MARKET SUMMARY 11/24/09 SUMMARY OF UPCOMING DATA 11/25/09 8:30 AM DURABLE GOODS ORDERS (0.5%), PERSONAL INCOME (0.2), CONSUMER SPEND (0.5), WEEKLY JOBLESS CLAIMS (495 K) 9:55 AM US CONSUMER SENTIMENT (67.0) 10:00 AM NEW HOME SALES...
