ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
prices generally get overbought on break of resistance levels.. 875 was key resistance.. with this most everyone will start getting long. The 200 day moving is above 900... some will wait for a test of that.. 925-945 is a good zone.

the key behind this trade, is that the expected profit growth is not a result of revenue growth. Revenue growth implies more people being hired, with profits coming from job cuts. This isnt good for the ultimate driver of the economy which is the consumer, those consumers dont have jobs to fuel growth.

It will be a long drawn out process with another 2 years of healing which implies prices will oscillate down..in equities, and bonds will rise with yields dropping back down.
 
Quote from Spectre2007:

prices generally get overbought on break of resistance levels.. 875 was key resistance.. with this most everyone will start getting long. The 200 day moving is above 900... some will wait for a test of that.. 925-945 is a good zone.

the key behind this trade, is that the expected profit growth is not a result of revenue growth. Revenue growth implies more people being hired, with profits coming from job cuts. This isnt good for the ultimate driver of the economy which is the consumer, those consumers dont have jobs to fuel growth.

It will be a long drawn out process with another 2 years of healing which implies prices will oscillate down..in equities, and bonds will rise with yields dropping back down.
More...

actually not profits but ..less then expected losses from most companies.
 
Short from 95.75. Will add all the way to my stop at 905.

Will also add if volume picks up on way down. I didnt post my long trade this morning bc I had too many things going on but I will only do this when I have significant profit cushion under my belt.
 
Status
Not open for further replies.
Back
Top