ES Journal Archive (2009 - 2010)

[ammo]

we're at the morning highs and oil is about 80 cents off its high, how heavily oil weighted is the spx,this may be an anchor for this push

 

[Trvlwanderer]

Quote from ammo:

we're at the morning highs and oil is about 80 cents off its high, how heavily oil weighted is the spx,this may be an anchor for this push

and remained while eur/usd dropped 22 plus pips. If eur moves, new hod could be in the works

 

[jjf]

Quote from wave:

1071 was the danger point to trade against. They gave you at least three plays to trade against it. Closing in on 1091.

True indeed ... in THEORY there is nothing to stop a clear run to 1090ish

 

[Arthur Deco]

Quote from ammo:

we're at the morning highs and oil is about 80 cents off its high, how heavily oil weighted is the spx,this may be an anchor for this push

You mean how correlated?

 

[startraitor]

I think there are larger nefarious forces getting involved in the price of oil that will cause some divergences from equities.

Quote from ammo:

we're at the morning highs and oil is about 80 cents off its high, how heavily oil weighted is the spx,this may be an anchor for this push

 

[startraitor]

Out 82. Something tells me 85-86 but I am not betting a late day rape for 4 points.


Registered: Jan 2008
Posts: 2086





06-10-10 01:23 PM

should be good for 80+ if not stopped.






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Quote from startraitor:

long 1070.25, 3 point stop.
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Edit/Delete

 

[ammo]

Quote from Arthur Deco:

You mean how correlated?

thanks for the chart art, i was referring to the weighting of exxon mobil and others which are tied to the price of oil,they are more heavily weighted than pharmas and .... edit ..nice trade star

 

[kinggyppo]

Quote from kinggyppo:

$spx.x 1090 that is what I am watching. How many times have we traded back and forth from there. Value area for long term players. Buy em down to 1050 with a stop at 1035.

easier said than done. 109.50 on spy right overhead. On the BP front you have retired Brits vs fat fee hungry senators, will be fun to watch how this plays out. Ironically all of this es price action is contained in the May 6 daily bar.

 

[Rashid_G.]

Big up day weak volume...

 

[Arthur Deco]

Quote from Rashid_G.:

Big up day weak volume...

You adding U0 volume to M0 volume for today to form that opinion?