S&P500 - Analysis and Trading

[Joules MM1]

Re: S&P 500

a wind-up or some bullish news for the region?

Exclusive: Kim to reform North Korean economy after purge: source



By Benjamin Kang Lim

BEIJING | Fri Jul 20, 2012 7:14am EDT

excerpt

(Reuters) - Impoverished North Korea is gearing up to experiment with agricultural and economic reforms after young leader Kim Jong-un and his powerful uncle purged the country's top general for opposing change, a source with ties to both Pyongyang and Beijing said.

 

[Timmy]

Re: S&P Analysis

Not got much to add this morning.
OpEx day.

1361 - 69 initial idea, nearly at 1361 as typing.

Here we go ...

 

[Timmy]

Re: S&P Analysis

Its Friday night ... looks like everyone is out binge dr... sry enjoying themselves reponsibly.
Anyways, Euro got another caning, down as low 1.2145-ish.
All the while ES held at 1361.50 (see chart) - low of 1361.25

Enjoy Friday night.

 

[Joules MM1]

Re: S&P Analysis

enjoying themselves reponsibly.
.

:
had a tot or two yourself, i see

 

[Timmy]

Re: S&P Analysis

:
had a tot or two yourself, i see

bugger

No, nothing to blame but myself

 

[Joules MM1]

Re: S&P Analysis

All the while ES held at 1361.50 (see chart) - low of 1361.25

inverted h/s posted earlier is on course.......a break of the lower channel (currently 1330) would put a whole different spin on the next 6 months i think.....things look good except for the SML which is not playing ball....

 

[Timmy]

Re: S&P Analysis

BTW - Joules and CanOz - tks again for the thoughtful feedback re distribution and topping (posts #161 & #162), nicely done.

 

[Joules MM1]

Re: S&P Analysis

BTW - Joules and CanOz - tks again for the thoughtful feedback re distribution and topping (posts #161 & #162), nicely done.

you mean......thoughtful and constructive convo in a thread? wot.......how dare we be so brazen.....

something something .....one more ping Ramius.......

 

[Timmy]

Re: S&P Analysis

Euro back down, ES stop hunting - 1360.75 low - bit of a half-hearted sell effort so far

Enuff of the commentary - enjoy Friday

Drink reponsibly (quite hard to deliberately misspell that when u want to

 

[CanOz]

Re: S&P Analysis

Dax and CL were taking a pisseling before...trend day on the Dax.


No worries Timmy....is the TF still leading the ES?

CanOz

 

[Timmy]

Re: S&P Analysis

.is the TF still leading the ES?

CanOz

it has been slightly weaker

1360.50 low now ........ again with the half-heart .........

 

[Timmy]

Re: S&P Analysis

Egan-Jones cuts Spain, again. To cc+ (WTF?)

AKA Shooting fish in a barrel

 

[CanOz]

Re: S&P Analysis

Egan-Jones cuts Spain again to cc+ (WTF?)

AKA Shooting fish in a barrel

This change of trend, however significant will be labeled 'reaction to Spain's bond rates'. Neverind that things were tidied up well before the price, then the news broke....

Spain is getting expensive, and risky...

Or is that, risky and expensive???

Nite nite!

CanOz

 

[Timmy]

Re: S&P Analysis

Having a go at the low again

 

[Joules MM1]

Re: S&P Analysis

No one believes in this market

July 20, 2012 - 3:20pm

http://www.optionstrategist.com/blog/2012/07/no-one-believes-market-marketwatch-article

excerpts

The total put-call ratio is also interesting. This powerful indicator gave a strong buy signal when SPX was at 1,340; that signal has a 100-point target, so we are looking for SPX to rally to at least 1,440, based on that. However, there is more to this ratio. It is relatively rare to see the 21-day moving average of the Total ratio above 0.90. When it’s that high, there is heavy put buying (i.e., a lot of people are bearish). That was certainly the case in early June when the 21-day moving average of the ratio reached 1.05. But now, even after SPX has rallied 100 points, the 21-day moving average is still as high as 0.94. That is very unusual, and it certainly supports my view that there are a lot of pessimistic people remaining.

Another interesting fact about volatility surrounds the desire for protection via the purchase of volatility futures, calls, ETNs, and ETFs. There is a voracious appetite for these products

 

[CanOz]

Re: S&P Analysis

Rolling over again....The Russel is in bad shape, perhaps a bounce is due.

 

[Timmy]

Re: S&P Analysis

Hmm Twitter down?

 

[Timmy]

Re: S&P Analysis

Yep



No matter - lunchtime ...

 

[Timmy]

Re: S&P Analysis

Rolling over again....The Russel is in bad shape, perhaps a bounce is due.

ps. Nicely done (again) CanOz

 

[Joules MM1]

Re: S&P 500

Unemployment in Spain climbs to all-time high in second quarter to 24.6%
07/27/2012 04:55:34 AM

:headshake

:flush:

Still, second-quarter data also provides glimmers of hope that Spain’s unemployment rate may be close to peaking. Job losses in the quarter were a meager 15,900, compared with 870,000 in the previous three quarters, and the number of foreign unemployed fell by 59,700 from the first quarter.

http://www.marketwatch.com/story/sp...ts-fresh-all-time-high-2012-07-27?siteid=bnbh