S&P500 - Analysis and Trading

[sinner]

Re: S&P Analysis

Mostly down starts to the week are bullish, especially in Bull runs. BUT sometimes when they get carry through they end up being very nasty. On top of that the three days up after falls early last week is a nice short setup. Not sure If I have been reading too much but there's not much to be bullish on out there. Dax start will be telling IMO.

View attachment 46403

Was pretty weak in Tokyo today, I didn't trade but the usual setup which I would've shorted went well beyond expectations in the AUDUSD, especially for Monday! Probably could've finished the week four days early on that one ... I also noticed Nikkei and KOSPI took a bath while HSI was moving up nicely in the afternoon session.

 

[Trembling Hand]

Re: S&P Analysis

... I also noticed Nikkei and KOSPI took a bath while HSI was moving up nicely in the afternoon session.

Yes should of stayed away

 

[notting]

Re: S&P Analysis

If there are certain things you don't understand, just ask and will try and put it in more simple English.

Thanks MRC I only just noticed that response.
It was just a little bit of a joke. I think I understand most of what you guys are talking about, though I am prone to self delusion!!

 

[sinner]

Re: S&P Analysis

Yes should of stayed away

What was up with that? Just a squeeze? USD/CNY got pegged much higher today but that was in the morning fixing.

 

[Trembling Hand]

Re: S&P Analysis

What was up with that? Just a squeeze? USD/CNY got pegged much higher today but that was in the morning fixing.

Probably the same evil market manipulators who are moving up everything else today.

But really a nice setup for a squeeze. Arvo open lower, three pushes down, each a little less range than the last. Then Euro markets opens down but not much. Boom poor old daytraders stuck the wrong side and too slow to see it.

 

[barney]

Re: S&P Analysis

Now up over 3% since the 6th of March and looking like going for more .... 4% will bring it to around low 1390's ...... 5% would take it to around 1405 ish

Just watching with interest at these altitudes ..... The next "Batman" trade could be a real cracker

 

[professor_frink]

Re: S&P Analysis

Now up over 3% since the 6th of March and looking like going for more .... 4% will bring it to around low 1390's ...... 5% would take it to around 1405 ish

Just watching with interest at these altitudes ..... The next "Batman" trade could be a real cracker

IMO another 10%+ selloff isn't really a probability until we get above 1430 - 1440

 

[skc]

Re: S&P Analysis

What a night. Can the US really be on the road to recovery? Or is it one of those market always rises on election year thing?

Now up over 3% since the 6th of March and looking like going for more .... 4% will bring it to around low 1390's ...... 5% would take it to around 1405 ish

Just watching with interest at these altitudes ..... The next "Batman" trade could be a real cracker

The Lisa Simpson trade weren't so bad either

 

[baby_swallow]

Re: S&P Analysis

Market is rigged....according to this fund manager.
US market has been on $5Trillion steroid...
I tend to agree...
The S&P has now almost recovered - even when US economy is still a train wreck.

http://trimtabs.com/blog/2012/03/10/bidermans-daily-edge-392012-rigged-market-conventional-wisdom/

BTW, last night on ES. the last hour of trading looks more like a short covering rally.
Those who were anticipating a sell off after the Fed were pounded.

 

[notting]

Re: S&P Analysis

What a night.
View attachment 46419

Yeah, except one tiny weeny little thing is just bothering me slightly.
Why do you think Bernanke asked for those stress tests?

 

[skc]

Re: S&P Analysis

Now up over 3% since the 6th of March and looking like going for more .... 4% will bring it to around low 1390's ...... 5% would take it to around 1405 ish

Just watching with interest at these altitudes ..... The next "Batman" trade could be a real cracker

Batman returns?



You'd think it goes back to test 1400 before the real down leg... but who knows.

 

[notting]

Re: S&P Analysis

I love Batman.

 

[barney]

Re: S&P Analysis

Batman returns?

You'd think it goes back to test 1400 before the real down leg... but who knows.

Its only a pint sized Batman, but they eventually morph into bigger ones

Shorts are being well squeezed tonight ......

Areas of interest ....... 50% squeeze back to 1385 ish over the next couple of days

Low push down to 1345 ish ....... Up towards the end of the month if it bounces off the lows.

Under the old lows .......... start looking for a reverse Batman

 

[Demiurgo]

Re: S&P Analysis

I agree with the possible batman, perhaps, by the neckline Robin may appear

 

[Joules MM1]

Re: S&P 500

By Doug Kass04/30/12 - 12:00 PM EDT

http://www.thestreet.com/story/11513200/1/fair-market-value-update.html

I am substantially raising my calculation of the S&P's 500 fair market value from 1360 to 1485.

 

[CanOz]

Re: S&P 500

Thought i would update that US China index comparison...

I know how Pro China Notting is....thought he would appreciate it....

CanOz

 

[notting]

Re: S&P 500

I know how Pro China Notting is....thought he would appreciate it....
CanOz

Appreciated.:blover:

If only the trends can continue!!

 

[Joules MM1]

Re: S&P 500

This Is What The World's Most Important Commodities Will Do In 2012 And 2013

http://www.businessinsider.com/citi...12-and-2013-but-may-fall-sharply-thereafter-1

 

[Joules MM1]

Re: S&P 500

CME intros Options Open Interest SPX, E's, mini nas and mini dow

http://www.cmegroup.com/trading/equity-index/options-open-interest/main.html

 

[Joules MM1]

Re: S&P 500

has short bonds become the trade du jour?

"...we may very well be in May of 1987..."

http://video.cnbc.com/gallery/?video=3000089068&play=1

The Last Time Wall Street Strategists Felt This Way, Stocks Surged Like Crazy

http://www.businessinsider.com/char...tton&utm_medium=social&utm_campaign=moneygame