S&P500 - Analysis and Trading

[ThingyMajiggy]

Re: S&P 500



Kicking myself, shorted the es at 877.50, and its currently @ 870.50....869.50....but I got out on the very next bar after I entered. Ah well next time.


...talk about let your profits run, make sure you do it!

 

[Joules MM1]

Re: S&P 500

try running a trailer if you need to mechanise.....that way the market will tell you when the pos is a short-term play.....and it also allows you to take all the points avail when the pos expands....

 

[ThingyMajiggy]

Re: S&P 500

wtf was that??...4 point spread on the bar with huge volume on the 1min closing pretty much on the low....someone playing funny buggers in anticipation??.....whip it gooood

 

[MRC & Co]

Re: S&P 500

wtf was that??...4 point spread on the bar with huge volume on the 1min closing pretty much on the low....someone playing funny buggers in anticipation??.....whip it gooood

Lol, that's called the Goldman Sachs earnings result.

 

[ThingyMajiggy]

Re: S&P 500

Lol, that's called the Goldman Sachs earnings result.

ahhhh...they release that crap an hour before the open? made a fat lot of difference haha.....im not up with the news

 

[MRC & Co]

Re: S&P 500

ahhhh...they release that crap an hour before the open? made a fat lot of difference haha.....im not up with the news

Yeh, if I was you, I would get a calendar (I hear Forex Factory is good by many many people), and know when news is coming out if you are going to trade intraday.

Retail sales for US came out at 10:30pm also, several minutes after Goldman. It was worse than expected (excluding auto sales) and is what gave the market it's second push down.

Was hard to trade though, I lost $$$ on S&P also.

 

[ThingyMajiggy]

Re: S&P 500

Yeh, if I was you, I would get a calendar (I hear Forex Factory is good by many many people), and know when news is coming out if you are going to trade intraday.

Retail sales for US came out at 10:30pm also, several minutes after Goldman. It was worse than expected (excluding auto sales) and is what gave the market it's second push down.

Was hard to trade though, I lost $$$ on S&P also.

yeh I was aware of that news, retail sales etc, wasn't aware of the GS announcement though....I keep a close eye on the calendar at FF, just don't follow company announcements etc....

 

[ThingyMajiggy]

Re: S&P 500

LOL Anyone wanna have a crack at when the news came out?

 

[ivant]

Re: S&P 500

How's that for a spike! That was a heck of a burst. Interesting to see if this gets sold off by EOD? About time Goldman starts dumping its stocks. Today is a great day for it. Abby Cohen from GS said she was looking for 250k. Her first correct call since saying you should go long on the Nasdaq in 2000 when the index was 5100. Oh whoops.

 

[moXJO]

Re: S&P 500

you trading S & P tonight SC?

 

[ThingyMajiggy]

Re: S&P 500

How's that for a spike! That was a heck of a burst. Interesting to see if this gets sold off by EOD? About time Goldman starts dumping its stocks. Today is a great day for it. Abby Cohen from GS said she was looking for 250k. Her first correct call since saying you should go long on the Nasdaq in 2000 when the index was 5100. Oh whoops.

Indeed it will be interesting, it looks quite strong, it will definitely need to be tested, daily looks quite strong...if it can hold that is, 5m just had a beaut entry, for a quick little trade, nice test of the news bar which it then broke, lets see if it can crack the 6.50 high are you short ivan?

Yeah mo, might check it out, yourself?

 

[moXJO]

Re: S&P 500

Yeah mo, might check it out, yourself?

Might see how it opens

 

[moXJO]

Re: S&P 500

Looks like strong open on the jobless rate data. Must be in for a decent drop sooner or later.

 

[ThingyMajiggy]

Re: S&P 500

Here is a nice entry from tonight.....that I completely cocked up on, got out too early because I am impatient, and am now going to gauge my eyes out with a plastic spoon....ahem..anyway, here tis looking like another possible test now as I type up near 1011.75, bar is yet to close though so will wait and see.

trade to trade well night all.

 

[Sean K]

Re: S&P 500

Punters in the US saying this has been overbought for a few weeks. They may be right. They may have missed the boat too and are talking it down for an entry.

 

[moXJO]

Re: S&P 500

Punters in the US saying this has been overbought for a few weeks. They may be right. They may have missed the boat too and are talking it down for an entry.

I know a lot saying dow to 10,000 - 13,000, then it will really be cooking with gas

 

[shag]

Re: S&P 500

Punters in the US saying this has been overbought for a few weeks. They may be right. They may have missed the boat too and are talking it down for an entry.

yes gets a bit tiresome a few trying to talk the market down
esp. those trying to talk bhp etc back, in aus its like trying to keep the tide out.
if our market didnt see so much o/s deleveraging, id suspect it would barely have fallen much in this pullback
like the aus economy never even went into recession, and its all about comparisoms and not pendantics to me. god whats a 30pc temporary pullback in iron ore and similar for coal(from record prices) when everyone else is struggling relatively.
theres plenty of gravey for all here, and the stronger nations will only get stronger in this environment.
the haircut in revenues might hopefully bring some efficiencies too statewise.

 

[ThingyMajiggy]

Re: S&P 500

The ES behaved superbly last night, best moves I have seen in a while considering the market thats been of late.

Here is a great entry on no demand just before the market opened, I took the position live on my paper account, got out too early...again(must stop doing this) but thats a pretty good move, can see at the bottom, the black bar that has the lowest low, a lot of buying there, floats up, then marked back down to test that same high volume area from the black bar, volume is low relative to the demand bar, so it then proceeds back up to 996ish I think it was.

I will try and get some live trades happening in here if anyone is interested, most of you probably thinking "yeah yeah, everyones a winner in hindsight"

 

[moXJO]

Re: S&P 500

Nice trade SC, I have been getting out to early on trades as well lately

This thread has been a little quiet. Live trades would be welcome addition

 

[MRC & Co]

Re: S&P 500

Anyone up?

Sell 990 now. Free money!