Category: Futures Trading
The analysis published under this category are as follows.Friday, January 02, 2009
Stock, Commodities and Currency Futures Markets Analysis 2nd January 2009 / Stock-Markets / Futures Trading
The March NASDAQ 100 was higher overnight as it extends Wednesday's rally. From a broader perspective, March continues to extend last month's trading range. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If March extends this week's rally, the reaction high crossing at 1254.00 is the next upside target. Closes above the reaction high crossing at 1254.00 are needed to renew the rally off November's low.Read full article... Read full article...
Wednesday, December 31, 2008
Stock, Commodities and Currency Futures Markets Analysis 31st December / Stock-Markets / Futures Trading
The March NASDAQ 100 was steady to slightly higher overnight as it extends Tuesday's rally. Stochastics and the RSI are turning neutral signaling that sideways to higher prices are possible near-term. If March extends this week's rally, the reaction high crossing at 1254.00 is the next upside target. Closes above the reaction high crossing at 1254.00 are needed to renew this month's rally. If March renews Monday's decline, the reaction low crossing at 1135.00 is the next downside target.Read full article... Read full article...
Thursday, December 18, 2008
U.S. Dollar Panic Selling Following Rate Cut Abating / Currencies / Futures Trading
The USD continued to decline today despite good indications that near-term technical levels would hold surprising traders with the speed of the move. All the major pairs fell through key support levels for the second day after traders chose to sell the Greenback with both hands after yesterday’s larger than expected interest rate cut by the FOMC.Read full article... Read full article...
Friday, December 12, 2008
Stock, Commodities and Currency Futures Markets Analysis 12th December / Stock-Markets / Futures Trading
The March NASDAQ 100 was sharply lower overnight due to profit taking triggered by disappointment over the senate's failure to pass a bailout bill for the auto industry. The overnight sell off has led to a decline below the 20-day moving average crossing at 1154.67. Stochastics and the RSI are overbought and are turning bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 1154.67 would confirm that a short- term top has been posted while opening the door for sideways to lower prices possibly into the end of this year.Read full article... Read full article...
Thursday, December 11, 2008
U.S. Dollar Continued Topping Action / Currencies / Futures Trading
The USD lost ground today after a mixed open this morning; traders note that volumes remained lighter but there was no doubt which side the orders were on. After a slightly higher open in Equities this morning the prospects for the USD tracked the rise and fall in Equities during the day; turning lower into mid-day stocks posted losses before recovering to trade back through the opening range. The majors tracked the rise and fall through the day ultimately to end better on the day but off the traded highs.Read full article... Read full article...
Thursday, December 04, 2008
GBP and EURO on Hold Pending Interest Rate Decisions / Currencies / Futures Trading
The USD continued in solid two-way action driven mostly by the changing fortunes of stocks the past 24 hours. Traders note that most of the volume in the major pairs was ahead of the London fix when equities prices were higher in New York; likely a late sell-off on the release of the Fed’s Beige Book contributed to the decline in stocks late in the day .Despite the heavy focus on equities today, lower Gold and Oil prices helped to help underpin the USD across the board but most pairs didn’t extend past early New York volatility this morning.Read full article... Read full article...
Monday, November 17, 2008
Stock, Commodities and Currency Futures Markets Analysis 17th November / Stock-Markets / Futures Trading
The December NASDAQ 100 was lower overnight as it extends last Friday's decline. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near- term. Closes below October's low crossing at 1136.75 would open the door for a possible test of monthly support crossing at 979.90 later this year. Closes above last Monday's high crossing at 1321.25 would signal that a short-term low has been posted. Closes above the reaction high crossing at 1389.00 are needed to renew the rally off October's low. The December NASDAQ 100 was down 6.75 pts. at 1148.75 as of 5:48 AM CST.Read full article... Read full article...
Friday, November 14, 2008
Stock, Commodities and Currency Futures Markets Analysis 14th November / Stock-Markets / Futures Trading
The December NASDAQ 100 was lower overnight due to profit taking as it consolidates some of Thursday's rally. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below October's low crossing at 1136.75 would open the door for a possible test of monthly support crossing at 979.90 later this year. Closes above Monday's high crossing at 1321.25 would signal that a short-term low has been posted. Closes above last Wednesday's high crossing at 1389.00 are needed to renew the rally off October's low.Read full article... Read full article...
Wednesday, November 12, 2008
Stock, Commodities and Currency Futures Markets Analysis 12th November / Stock-Markets / Futures Trading
The December NASDAQ 100 was higher overnight as it consolidates some of Tuesday's decline. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near- term. If December extends this week's decline, October's low crossing at 1136.75 is the next downside target. Closes above last Wednesday's high crossing at 1389.00 are needed to renew the rally off October's low. Closes above the October 14th reaction high crossing at 1499.00 are needed to confirm that a bottom has been posted.Read full article... Read full article...
Tuesday, November 11, 2008
Stock, Commodities and Currency Futures Markets Analysis / Stock-Markets / Futures Trading
The December NASDAQ 100 was lower overnight as it extends Monday's decline. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If December extends the overnight decline, October's low crossing at 1136.75 is the next downside target. Closes above last Wednesday's high crossing at 1389.00 are needed to renew the rally off October's low. Closes above the October 14th reaction high crossing at 1499.00 are needed to confirm that a bottom has been posted.Read full article... Read full article...
Tuesday, October 14, 2008
Financial Markets Trading Fear- Trader Education Video / InvestorEducation / Futures Trading
"The only thing we have to fear is fear itself." Thus spoke Franklin D. Roosevelt 75 years ago.Looking back on Roosevelt's speech in 1933, 4 years after the infamous crash of '29, he was referring to the economic conditions of the time -- better known as The Great Depression. In essence he was saying that if we can't shake our pessimistic economic outlook, it will be tough to turn things around.
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Wednesday, October 01, 2008
Terrible ISM Economic Report Won't Prevent Euro and GBP Selling / Currencies / Futures Trading
An important component in today's terrible August ISM report (plunging to a 6-year low of 43.5) is the tumbling prices paid component to 53.5 from 77.00, which is a wake up call for the Federal Reserve's misplaced inflation preoccupation, especially given the tumble in the employment index to 41.8 from 49.
Today's ISM report is not only recessionary, but also underlines the notion that "rescue packages" are merely confidence builders and by no means solutions to the deepening macroeconmic economic slump and the resulting financial market erosion. USDJPY seen extending losses towards 105.20. Despite these dismal US figures, we maintan our pessimism with the high yielding FX such as AUD, GBP (still seen at $1.76) and NZD. EUR eyes $1.3950.
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Monday, September 29, 2008
Promising Upside for Pfizer / Companies / Futures Trading
I have looked at dozens of charts this morning, and one that pops out at me because it looks promising on the upside is Pfizer (NYSE: PFE). Let's notice that the price structure has put in significant work around the 17.00 area in the form of double-bottom lows in May and again in Sept. Since the 9/17 low, PFE has clawed its way up the right side of the pattern and is "threatening" to climb towards a test of key resistance at 19.30 and 20.00/20 to complete and confirm the pattern. A break below 18.00 will begin to compromise the timing of the anticipated upside test of the key resistance levels.Read full article... Read full article...
Sunday, September 28, 2008
Unprecedented Stock Market Volatility, Unpredictable Future / Stock-Markets / Futures Trading
Apart from Monday’s opening salvo, it was quieter week for global equities. After Monday’s dramatic reversal, daily movements between high and low, were mostly restricted to sub 2% range days. Between Monday the 15th and Monday the 22nd of September, the level of volatility was unprecedented. The US S&P moved 3.5% between the high and low of the day, something not seen since 1982, according to Jason Goepfert’s Sentimentrader.Read full article... Read full article...
Sunday, September 21, 2008
Stock Market Update: It's A Trader's World / Stock-Markets / Futures Trading
It's incredible to be living and trading in these historic times which people will be reading and talking about for decades to come. But making some money while we're at it is even better, especially since so many are in the red for this year. Now that we've gotten this huge move of over 120 points off of Thursday's low, we have to respect the rally and expect some follow-through in the short term, even while the choppy, volatile action continues. Looking at some of the internals on this move, shown below, you have to figure there's a good chance that a feel good rally into the election has just begun, an idea we'll be exploring in greater depth this weekend for members only. The charts below show us the extremes that we saw this week in up volume, total volume, and the Vix.Read full article... Read full article...
Saturday, September 20, 2008
Trading Tactics to Capture Wild Market Swings / Stock-Markets / Futures Trading
For Short-Term Traders; HUGE SWINGS = HUGE PROFITSAmid colossal intervention efforts and unbridled attempts to manipulate markets, socialize losses, and control price levels, disciplined impartial trade executions conveyed through our blended strategic trade advisory continue to produce stellar short-term profits fully consistent with the large market swings inherent with such endeavor.
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Thursday, September 18, 2008
Stock, Commodities and Currency Futures Markets Analysis / Stock-Markets / Futures Trading
The December NASDAQ 100 was higher due to short covering overnight as it consolidated some of Wednesday's decline. Stochastics and the RSI are oversold, diverging but are bearish signaling that additional weakness is possible near-term. Closes below March's low crossing at 1703.75 would open the door for a possible test of weekly support crossing at 1527.12 later this fall. Closes above the 20-day moving average crossing at 1809.97 are needed to confirm that a short-term low has been posted. The September NASDAQ 100 was up 23.00. pts. at 1670.00 as of 5:55 AM CST. First resistance is broken support marked by March's low crossing at 1703.75. Second resistance is the 10-day moving average crossing at 1735.52. First support is Wednesday's low crossing at 1639.75. Second support is weekly support crossing at 1527.12. Overnight action sets the stage for a higher opening by December NASDAQ 100 when the day session begins later this morning.Read full article... Read full article...
Thursday, September 11, 2008
Stock, Commodities and Currency Futures Markets Analysis / Stock-Markets / Futures Trading
The September NASDAQ 100 posted an inside day with a higher close on Wednesday as it consolidated some of Tuesday's decline but remains below broken support marked by July's low crossing at 1765.25. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends this week's decline below July's low, March's low crossing at 1693.75 is the next downside target. Closes above the 20-day moving average crossing near 1870.65 are needed to confirm that a short-term low has been posted.Read full article... Read full article...
Saturday, September 06, 2008
Financial Markets Boyz are Back in Town / Stock-Markets / Futures Trading
Volume finally started to pick up this week, but it was all downhill for several days after opening Tuesday morning over 1300 on the S&P 500. Though we had some targets for a move higher, we've been skeptical of gap openings in either direction for the past several months and, as usual, looked to see the market set up a trade for us rather than guessing or assuming. The last two updates included important numbers we'd use to gauge price action and plan our trades. Among them were 1306, 1264, and 1292.Read full article... Read full article...
Saturday, September 06, 2008
Counter Trend Stock Index Futures Position Trading / Stock-Markets / Futures Trading
Semi-Generational Long Haul is Toast: For one reason or another, Fibonacci time intervals of 34-units have maintained an excellent record of accomplishment over the past 150 years in identifying semi-generational peaks and troughs in the major equity indices. 1857-1891, 1932-1966, and 1974-2008 each represent 34-year long-haul bull market runs, all of which ended with 3, 5, or 8 years of bear market declines. If 150-years of pristine history are any guide, the current bear market will (at minimum) continue running its course through 2011, 2013, or 2016 prior to an absolute low marking its eventual bottom.Read full article... Read full article...