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S&P500 - Analysis and Trading

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Re: S&P 500

Timmy said:
I wasn't awake, no.
But great call MRC & Co - free money it was.

Can I give you my phone number for a call the next time? LOL
Click to expand...

ha ha, oh, I'm disappointed nobody got on it! :( That was one of the two free money trades of the day!
 
Re: S&P 500

Correct me if Im wrong but when you posted that the sp500 was a sell at 990 it only went as low as 989 now its at 996 as I type.

It started the day off today pretty weak but all of a sudden took off.Maybe some news has come out of the US not sure atm.

I dont see any free money there at all.Am I missing something.I think you are pretty game shorting into this market atm.
 
Re: S&P 500

tasmanian said:
Correct me if Im wrong but when you posted that the sp500 was a sell at 990 it only went as low as 989 now its at 996 as I type.

It started the day off today pretty weak but all of a sudden took off.Maybe some news has come out of the US not sure atm.

I dont see any free money there at all.Am I missing something.I think you are pretty game shorting into this market atm.
Click to expand...

It went down to 976.75, from 990, is quite a nice trade. :)
 
Re: S&P 500

tasmanian said:
No worries thanks for that.I saw it at 990 and never saw it go much less.

cheers
Click to expand...

Could it be your data feed tasmanian? Sounds weird.:confused:
I have attached a 10-min candle chart from when MRC posted to now, I marked where he made his post with two crosses. (Click on the image for a clearer view).
 

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Re: S&P 500

Timmy,

Where do you get your charts from?Is that live candle sticks or delayed.As in do the candles appear every 10mins or whatever time u set it at?

Id like a live candle stick charting program where the candles appear every 5,10 mins or whatever timeframe you set it at.

any help much appreciated.

cheers
 
Re: S&P 500

That program is Investor R/T, the data feed is DTN. Yes, live data and live charts, candles form as the data comes through and you can set the timeframe (10 mins, 5 mins, 18 seconds .... whatever you want), it does point and figure, range, tick, constant volume, loads of stuff.

There are a lot of programs that will do what you want, NinjaTrader, Ensign Charts, Tradestation, Market Delta - and there are more too. I really like I R/T, which is why I chose it, but they are all pretty good.

Data feeds I found DTN the best, by far.

Investor R/T and DTN both have free trials if you want to try them (pretty much every program seems to have a free trial available).

EDIT: I should add that most brokers out of the US will provide free data and charts (free in the sense that you pay for it through bro, of course).
 
Re: S&P 500

Timmy,

Thanks for the info much appreciated.Ill have a look through a few of those providers and see what I like the best.

Thanks again awesome
 
Re: S&P 500

ES pretty bullish last night.
But I think she hit resistance at 1025.
My guess is back down early next week.
Fair amount of volume in the etfs on the peak after the housing news, I think the pros shorted into that news.
Intraday epcr really low at 0.40.(overbought)
USD rose on that news as well.(I still think its a 'safe haven' indicator at present)
Only thing worrying me is that us bonds are still falling, but they do weird things prior to auctions, apparently more big bond auctions next week.

Anyone else got an opinion on early next week's ES?
 
Re: S&P 500

you can see my thoughts on my blog in my signature, but I am bullish over the next few weeks, weekly chart looks promising, but time will tell, its possible they could have made the most of the speech and shorted into it.
 
Re: S&P 500

I've got a feeling next stop is 1056. The bears couldn’t get on with it earlier in the week with any break being bought up pretty convincingly. This will definitely give extra confidence to any longer term money sitting on the sidelines wanting to get involved. However in saying that volume was pretty ordinary last night in the ES and September is historically a pretty bad month.
 
Re: S&P 500

Last night got me nervous for more downside for the first time in a while. US Treasuries had a good rally; this may be just because there are Fed activities this week and there was a move to support the USTs, dunno. But when the ES broke to new highs the Treasuries got bought... weird.

ZNU9 daily chart attached.

The other thing that concerns me was the move (in the ES) lower in the afternoon to close low. I haven't seen this in a while, can't recall it in the past few weeks anyway.
 

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Re: S&P 500

Yeah last night was interesting, didn't seem too interested in going up, didn't manage to break the globex session highs, which was unusual considering the activity of late. They could be testing the down side, tonight will be interesting.
 
Re: S&P 500

Timmy said:
The other thing that concerns me was the move (in the ES) lower in the afternoon to close low. I haven't seen this in a while, can't recall it in the past few weeks anyway.
Click to expand...

I went to bed and my short got stopped out about one point from the top:banghead:
That will teach me for putting on a half assed stop because I'm tired. Copped a small loss from the buying to stop, and a large loss for not being in the move :cry:
Could not make a good trade yesterday, got hit on the spi as well
 
Re: S&P 500

moXJO said:
I went to bed and my short got stopped out about one point from the top:banghead:
That will teach me for putting on a half assed stop because I'm tired. Copped a small loss from the buying to stop, and a large loss for not being in the move :cry:
Could not make a good trade yesterday, got hit on the spi as well
Click to expand...

hope you're riding the current move up on the spi, beaut entry and i missed the damn thing :( too busy fartin around in my office. hope someones riding it :)
 
Re: S&P 500

ThingyMajiggy said:
hope you're riding the current move up on the spi, beaut entry and i missed the damn thing :( too busy fartin around in my office. hope someones riding it :)
Click to expand...

dunno how to edit my first post? but if anyones interested, i have put it up on my blog in my signature, the trade I missed that is :(
 

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