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Seemed a double top would be just too obvious, but looks like it may have a shot. Getting some dumpin goin would be the best thing for everyone to open up some freakin range to trade. Don't we all wish it was credit crisis every day again and have ES move 150pts per day?

Looks like you might be right IF fx starts caving.

Aborting spx target of 1165-70 Don't like what I'm seeing in fx, they may not hold up. Especially don't like the jpy creeping back up. If we reverse(beware the ides of march?), at a minimum 1073 gap will fill.

Not a prediction, just what's more likely to happen. If ur daytrading what ur seeing, then who cares.

yes, to the upside : )

Ya, I agree this happens, but not until we clean out the last index shorts. spx target 1165-70

fx complex has been declining for good while now, yet ES is bumping up against, and TF has already hit new highs. GBP tried, but couldn't drag things down this morning.

spx cash target 1165-70 don't think we can sustain much above there as we're leaving behind too many day session gaps that WILL be filled(one at 1073, NFP closure = 100%) And "fundamentals" really don't support a blast past that area.

ES, NQ, TF = Buy Buy Buy

At the moment, everything is moving in concert again, even the lonely euro. The ring leader is the ES and I think spx cash gets to at least 1165-70 on this move. Without ES pulling back here I think oil pushes higher without your latter scenario, and ES isn't pulling back as it's bent on nuking...

Ya, ES can truly be a dog, also why it's the hardest market to trade profitably. On second thought, I stand corrected on my opinion. I can see how someone can be profitable trading one market but not another executing the same method/trading plan. I think that has more to do with the trader's...

Always a sound advice to go it slowly, but I think a chart is a chart and a setup is a setup. I don't think it takes more than a week to get a "feel" for a "new" market an experienced trader wants to trade. And going from aapl/es to cl is not like going to trade lumber. Don't think there's so...

I like both for their wit and energy and general mkt knowledge. When it comes to trading tho, Santelli is by far the worst "trader" on CNBC by a mile followed closely by Cashin. Santelli: called for oil bottom at 120s, called bear stearns low THE bottom and as we were cracking through it told...

Having taken out the level we were at before the fed rate move(1.362), looks like we're gonna be ranging a bit before the next plunge. Wouldn't be surprised to see it touch or pierce the upper channel on 4hr chart at 1.372. There's also the record short interest(cftc data) so a short squeeze...

And vice versa - long strongest stocks in strong sectors. Stock trading 101. C'mon.

fwiw Douggie Kass predicts Dems GAINING seats in Nov. Certainly would be a contrarian surprise. And I wish Mandy Drury would replace Burnett for good, sooo much better in more ways than one....:p

We need enough of a buffer because the public pressure will be potentially unbearable even for some Republicans.

Where would that escalation come from? Can you see the scenario where the economy tanks again, unemployment is soaring and the banks have to be rescued AGAIN(the big ones have become even more systemically critical)? ALL three have VERY high probability of happening in 2011-2012 as the...

Yesterday's jobs report is a countertrend blip. 11.5% or higher by sometime 2011. Nobody sees that right? It's coming. 17.2% is what it actually feels like right now for the average joe.

Gold not so dollar linked as before. I say we hit new highs in Jan.