ES Journal Archive (2006 - 2008)

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I was just looking at the timing of that ge downgrade yesterday. Previous to the downgrade, here was one of the news headlines.

General Electric Company topped the list at midday on Thursday for Buying on Weakness, which tracks stocks that fell in price but had the largest inflow of money.

This was after ge lowered outlooks the day before intraday as well. Well timed news on one stock can game the whole index as well. Do subscribers of McGraw (Standards and Poors) get this ratings prior to general release and how guarded is this information prior to release and who determines timing of general release? Seems like a murky gray area between SP, GE, subscribers and public as GE pays McGraw for ratings, when the general release can have such an effect on the equity and overall index.
 
Quote from Jahajee:

Colorful charts from Wood who says:

Hi. ES has closed positively above its 50d sma only once.

And that was FED day.

His first target is 830
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Dow and NQ both had a lower high or double top sell so far on the daily, unlike ES having a slightly higher high.

So, ES is the only one out of the 3 that showed any sign of bullishness.
 
There is a strong possibility that yesterday's cash high at 918.85 will be the high for this move. I am not totally convinced yet, so I keep my stop at 1075 for now. :)
 
Quote from startraitor:

I was just looking at the timing of that ge downgrade yesterday. Previous to the downgrade, here was one of the news headlines.

General Electric Company topped the list at midday on Thursday for Buying on Weakness, which tracks stocks that fell in price but had the largest inflow of money.

This was after ge lowered outlooks the day before intraday as well. Well timed news on one stock can game the whole index as well. Do subscribers of McGraw (Standards and Poors) get this ratings prior to general release and how guarded is this information prior to release and who determines timing of general release? Seems like a murky gray area between SP, GE, subscribers and public as GE pays McGraw for ratings, when the general release can have such an effect on the equity and overall index.
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Subscribers do have access to which stock is under review and the potential new rating release date.
 
Quote from Buy1Sell2:

There is a strong possibility that yesterday's cash high at 918.85 will be the high for this move. I am not totally convinced yet, so I keep my stop at 1075 for now. :)
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Since I choose not to hold anything overnight, continuously selling (almost) every day during RTH so far works magic :)

Edit: Not on Fed day ...
 
My ES hourly turned bullish:
Hull average now turned up with price above average; ES wodl have to go back down to about 880 to reverse HULL average
ES above trend line, at about 877
MACD turned up, but still below zero line - bullish but not out of the woods
 
Quote from Jahajee:

My ES hourly turned bullish:
Hull average now turned up with price above average; ES wodl have to go back down to about 880 to reverse HULL average
ES above trend line, at about 877
MACD turned up, but still below zero line - bullish but not out of the woods
More...

4 pm close is 880. We still have a huge up gap today, not down gap as many think.

Edit: Alternatively, the cash close on SPX is 885.
 
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