ES Journal Archive (2006 - 2008)

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volente says "10:00 est"....nice try vol........cst is it....has been for 6 yrs...no matter i never care about times except 8:30.....fomc was nothing
 
Hey All,

I'm no perma bear by any means, and these days I do trade with a bullish bias. However, it seems that most ET members have a "the indices can never go down mentality".

I was looking at the commitment of traders report for ES, and the non reportable positions for 1/23 were:

Long 338,808 down by 1,839
Shorts 129,954 down by 7,791

So, recently it looks like more shorts have been getting flushed.

Should there be any concern that the risk to the market is to the downside if the longs get pressure put on them ?

-T
 
Quote from volente_00:

another bounce off of the 20 day ema and the 50% retracement level. Call me crazy but current option interest in spy indicates that we stay around 1420 and then move to ~1450 on cash.
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If Es holds here we open right at 1450 on cash. Will be watching spy option action today to see if call action heats up at this area.
 
Quote from tradertony76:

Hey All,

I'm no perma bear by any means, and these days I do trade with a bullish bias. However, it seems that most ET members have a "the indices can never go down mentality".

I was looking at the commitment of traders report for ES, and the non reportable positions for 1/23 were:

Long 338,808 down by 1,839
Shorts 129,954 down by 7,791

So, recently it looks like more shorts have been getting flushed.

Should there be any concern that the risk to the market is to the downside if the longs get pressure put on them ?

-T
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This is a maturing bull market, there is no doubt about that. It is closer to the end then to the beginning. We are getting to some key timing and price levels. Take it for what its worth. 1455-1470 on spx cash is a brick wall.
 
For the er2 traders....

Key zone for today is 817.50-819.50

There is a high probability of market gapping up on employment fridays only to roll over and close down on the day. It must hold the 808-809 area to sustain the bullish bias.

Good Trading
 
Quote from optionpro007:

b1s2 on Jan 29 you wrote this but nobody asked you why.

Could you tell us ?

Thanks.
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Longs were not yet prudent based upon my analysis of the 30 minute chart. The first push upward I felt would be simple retracement and that we would need a basing period first before long should be taken intraday/swing.
 
Quote from Buy1Sell2:

My stop on this positional/swing trade is below the 1/26/07 low of 1422.00:)
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Hi B1S2;

I know you went long 1429 +/- . Just seems odd you would let a nicely profitable trade to stop out at a loss. Wondering what your avg cost is?
 
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