ES Journal Archive (2006 - 2008)

[smilingsynic]

Quote from princessa:

(*sticking her neck out and raising her hand*)

i am...looking for 1450.

Not that optimistic. There will be resistance at the 1447 area:

1. a prior high
2. Istd dev move from today's close (ES options vol)
3. right by R1

 

[brightstone]

long 1407
stop 1403
target 1431

we shall see

 

[Pekelo]

Quote from Pekelo:

In my Journal I went long yesterday at 1417. I was busy today with something else, and now I am checking the futures and the position is up 10 points!

I had a feeling that I should have taken that gain while the taking was still good.

The Asian markets drop like hell, and the ES is down 20 points, around 1404....

 

[Jaxon]

fed does what? I dont see a discount rate cut here...

http://www.federalreserve.gov/boarddocs/press/monetary/2007/20070817/default.htm




edit.... ok, here is the dr cut

http://www.federalreserve.gov/boarddocs/press/monetary/2007/200708172/default.htm

 

[polpolik]

Quote from Pekelo:

I had a feeling that I should have taken that gain while the taking was still good.

The Asian markets drop like hell, and the ES is down 20 points, around 1404....

Are you glad now you didn't take that gain?

 

[Chuck Krug]

made me think of your remark from last week spectre.
when the rate cut comes it will end trading careers.

 

[Buy1Sell2]

Quote from JSSPMK:

I doubt Buy1Sell2 was surprised by this, vola would increase when price re-tests more than obvious key areas of support in a what is still a bull market

At 2 o'clock , it would have surprised me. At 3 o'clock, the action had me expecting it.

 

[HolyGrail]

1495 here we come.

 

['81packer]

What just happened to cause this spike @ 8:15 EST ?

 

[HolyGrail]

Quote from '81packer:

What just happened to cause this spike @ 8:15 EST ?

US STOCKS-Futures turn higher as Fed cuts discount rate
Friday, August 17, 2007 7:15:54 AM (GMT-05:00)
Provided by: Reuters News
(Updates to show futures gaining on Fed discount rate cut)
NEW YORK, Aug 17 (Reuters) - U.S. stock index futures
jumped on Friday after the Federal Reserve cut the discount
rate 50 basis points to 5.75 percent.
S&P 500 futures <SPc1> were up 15.5 points, above fair
value, a mathematical formula that evaluates pricing by taking
into account interest rates, dividends and time to expiration
on the contract. They initially shot up as high as 45 points
immediately after the statement.
Dow Jones industrial average futures <DJc1> rose 121
points, and Nasdaq 100 <NDc1> futures gained 23.50 points.
((Reporting by Jennifer Coogan
Editing by Kenneth Barry
rm://jennifer.coogan.reuters.com@reuters.net
Telephone: + 1 646-223-6125))
((Multimedia versions of Reuters Top News are now available
for: * 3000 Xtra: visit http://topnews.session.rservices.com
* BridgeStation: view story .134 For more information on
Top News: http://topnews.reuters.com))
Keywords: MARKETS STOCKS