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Market profile's looking very tired this afternoon on a monthly basis. We're due for a rest. http://www.cmegroup.com/popup/mdq2.html?code=ESH0&title=March_2010_E_mini_S_P_500_%28Dollar%29&type=v

1145 close in mar 10 sp futures. If we don't rally into the close this will be our first close lower for quite awhile. This will set-up a push higher then reversal to test 1128. Typically these continuation gaps close in an average of 7 days. My pivot had been 1129.75 which it looks...

Do you know what resources are best to research Chinese yuan-denominated AAA debt? Thank you for your viewpoint!!!

So with monetization where do we put currency to work? Seems like many assets are overbought with this in mind. Even short long bonds looks crowded.

My theory on the current bull market is that it will take a shock to bring it down for a double dip. Possible causes: 1) Taxes---e.gov needs revenue. 2) Interest rate increases. 3) Debt default. Traditionally the market peaks in Spring and nadirs in Fall. If this is true then...

P/C ratios, cumulative breadth charts. range, and consecutive up/down days all point toward weakness. Russell moving well, XLU sluggish. A gap to fill at 1127. 7 days from now we'll be down to fill it. Just a guess after optios expiration plays out. Good Luck

Wow thanks. Your analysis supports the notion to sell the pops. Game theory would suggest that cautious traders take money off the table a few points short of 1150. That's where the options activity will tether the price going into options expiraton. The chance that we blow by 1150 and not...

I was just kidding. A lot of sector rotation going on here. 1150 is a tough nut to crack. Yesterday and today's selling was for real. The pops are getting sold hard now which represents a change. So for many money managers it's time to take money off the table I suppose.

Man oh man, the Europeans must be getting pissed. Sodomized over and over again. Sterling, Euro, Greece. Sheesh. Pay back is tough. Now they're buying our overpriced oil as well.

Europe closed then "Take 'er down Scottie!!!" You have seen the top folks

But we need to close 1128 on the weekly before ramping higher. Tommorrow? We're within range.

You're prolly right!! Very telling market action today after lunch. Volume into the zeroline. Can't let it drop below par for the day!!!

There was a smackdown today at 1145. It's like musical chairs. No one wants to get caught!!! Seems like the market's gunning for new highs. What a flood of stops will be hit if it does. In the meantime we are crawling higher. The big volume has been on "reversal days" otherwise it's...

Interesting market action. These are very tricky trading conditions with all the mixed data. ISM/new orders rocketed up from the fall off the cliff in Feb 09' but unemployment is skyhigh, CCI very low, and the credit markets sluggish. The inflation vs deflationary outlook also figures into...

It's a great place to "cut teeth" IMHO 'cause if you can become CP w/ ES then the others are easier. I am gonna try my hand at oil and Natty to squeeze more juice. Maybe you guys can just PM your account numbers so I can just wire my funds directly to yours. Less slippage for you instead of...

BTW "day ofreckoning" is in good fun----just mean to say I anticipate a sell-oof at 10:05am secondary to the overbought nature of the market and overhead resistance. Cheers

Spoos target reached as anticipated. Reckoning day Monday March 8th, 2010 at 10:05 am. Today was the bull trap. See you there.

Thank You!!!

Thank you. That's what I thought. Oh well there is zero chance we won't roll through today's spike down. I suppose you need to invest in the suppliers but it's too early for that insofar as a shakeout is in the making as smaller producers are unable to support operations with price this...

Absolutely. More of a "basket" of inflation risk hedge. I think the metals were great say when gold was 250 - 450/ oz but at 1200 I think I'll turn to consumables which have to purchased with paper currency at a discount. But yes there is risk in any strategy.