ES Journal Archive (2006 - 2008)

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Tomorrow is payroll, last months payroll started this downturn from 1410. I expect this is what is holding the S and P down today.
 
Quote from gwac:

Tomorrow is payroll, last months payroll started this downturn from 1410. I expect this is what is holding the S and P down today.
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That and oil ... for the moment anyway.
 
I think bigger problem for equity traders is ECB and probable rate rike 0.25. They can not react to it. If ESTX will fall it will take ES with it . Normally follows but in such situation will lead
 
New add at 1276.75 . I will also be adding equal positions on a Buy Stop at 1278, 1279.25, and 1280.5 . Stop will be placed at 1252 on all positions (current and new adds) for now.

Edit: Filled on all buy stops.

Current open positions: 1308.75 + 1280.5 + 1279.25 + 1278 + 1276.75 . BE is at 1284.65
 
Quote from Pholeuon:

I think bigger problem for equity traders is ECB and probable rate rike 0.25. They can not react to it. If ESTX will fall it will take ES with it . Normally follows but in such situation will lead.

I'm with you on the ECB problem. If the ECB has a rate hike and
the PayRolls come in negative- than look out below and maybe $150 crude! buy weakend!
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Quote from Pholeuon:

I think bigger problem for equity traders is ECB and probable rate rike 0.25. They can not react to it. If ESTX will fall it will take ES with it . Normally follows but in such situation will lead
More...


I read somewhere that the market is a discounting mechanism. :confused: :confused: :confused:



French MPs Sent Letter To ECB's Trichet Against Rate Hike
Last update: 7/2/2008 1:15:42 PM
PARIS (Dow Jones)--Some French members of parliament have sent a letter to the president of the European Central Bank, Jean-Claude Trichet, calling upon him to refrain from increasing the ECB's key interest rate on Thursday, the French National Assembly office said Wednesday.
In a statement, the French national assembly office said that Socialist MP Didier Migaud, along with rightist UMP ruling party MPs Gilles Carrez and Pierre Mehaignerie sent the letter Tuesday, warning that a rate hike could dent growth in the euro-zone.
The ECB's governing council is meeting Thursday and is widely expected to raise its key interest rate 25 basis points, to 4.25%.



ADP Sees June US Private Sector Jobs Down 79,000
Last update: 7/2/2008 8:26:08 AM
NEW YORK (Dow Jones)--Private sector jobs dropped 79,000 in the U.S. in June, according to the ADP national employment report, released Wednesday by payroll giant Automatic Data Processing (ADP) and consultantcy Macroeconomic Advisers.
That's above the expected decline of 20,000 seen in a Dow Jones Newswires survey. May's report was revised to an increase of 25,000 from an increase of 40,000.
The ADP employment report provides a snapshot of the private sector job market just ahead of the official payrolls report, which this month will be published one day early - Thursday - due to the Independence Day holiday Friday. ADP's report does not include government jobs, which in May rose by 17,000.
Economists expect nonfarm payrolls in June to decline by 55,000 and the unemployment rate to tick down to 5.4%.
 
Quote from vertigo3:

Zodiac4u,
your last two words, "buy weakend"

are you saying buy a weak end to the markets tomorrow?
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My bad! fortunately my spelling is worse than my trading.

If the ECB has a rate hike and the PayRolls come in negative- than look out below and maybe $150 crude! (by week end!)
 
Quote from iloveoptions:

New add at 1276.75 . I will also be adding equal positions on a Buy Stop at 1278, 1279.25, and 1280.5 . Stop will be placed at 1252 on all positions (current and new adds) for now.

Edit: Filled on all buy stops.

Current open positions: 1308.75 + 1280.5 + 1279.25 + 1278 + 1276.75 . BE is at 1284.65
More...

Out of all positions at 1285.5 (except the 1308.75) ... + 27.5 Points.
 
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