Equity Markets in have reacted positively to weekend news release that Larry Summers has withdrawn from consideration for next Fed Chief. A price gap in Globex Session is what is known as “Jumping the Creek” leaving a void in price … Continue reading
Monthly Archives: September 2013
Quiet overnight trade action in Globex Session…So the key levels that we highlighted in yesterday’s strategy blog remain valid today. Let’s review those…September (U) Contract. Pivot high zone 1688 – 90 is key hurdle for bulls…Penetration of this zone and … Continue reading
Today marks the beginning of Contract Rollover to December (Z) from September (U)…So winter is coming!..We will be trading Sept. (U) through Friday this week and begin trading Dec. (Z) Monday. All levels mentioned are for Sept. (U) Contract. Initial … Continue reading
Today is the all important Non-Farm Payroll number…Expectation is for 180K v 162K and Unemployment Rate (Aug) M / M to remain steady 7.4%. Markets will be looking for the Feds “read-through” regarding timing of QE Taper. S&P has rallied … Continue reading
Despite the Labor Holiday rally, S&P could not hold onto it’s early gains Tuesday and dropped back into Friday’s range where it did find support at 1632.00 “marker.” Late day bounce from that level settled price near VTMP balance 1640.00. … Continue reading
Labor Day Holiday was quiet with no military action in Middle East…Markets have breathed a sigh of relief rallying in shortened holiday action. As Money Managers come back from vacation they will be faced with decisions on whether to buy … Continue reading