ES Journal Archive (2011)

[marceck]

ZN resistance on an FOMC spike is 130'285 and 131'060. At that stage, equities become too cheap to ignore. So watch those bonds and treasuries.

 

[Jestersofmalice]

Quote from Jestersofmalice:


long 1187.5
4 point stop

edit: moving stop to a 2 point stop now, so stop at 1185.5

Out here at 1192.75 for +5.25

 

[A-No1]

Quote from A-No1:

papertrade

short 1197 stop 1201

will close out this papertrade @~1189, or BE 1197

 

[A-No1]

Quote from Jestersofmalice:

Out here at 1192.75 for +5.25

Nice job!

 

[Laissez Faire]

Quote from Jestersofmalice:

Out here at 1192.75 for +5.25

Buy low, sell high. Nice trade

 

[marceck]

New all time low for TNX, at 1.87%. ZN tags 130'280. Somehow I get the feeling that bond buyers could get creamed, but we shall see.

 

[Laissez Faire]

The intraday trend is still down, IMO, unless we put in a higher low here and get a new leg up.

Still below the 50% level.

My concern is that NQ is stronger.

 

[marceck]

Maybe headed to 1.8%, in which case that would put ZN around 131'205, a short.

 

[marceck]

Quote from Laissez Faire:

The intraday trend is still down, IMO, unless we put in a higher low here and get a new leg up.

Still below the 50% level.

My concern is that NQ is stronger.

NQ did not make a lower low from the ETH session, while TF and ES did. That should put to rest any doubt that NQ is the leader, both up or down. I am pretty sure I introduced that trading concept a few months ago here, and it has rarely failed.

 

[A-No1]

Quote from marceck:

NQ did not make a lower low from the ETH session, while TF and ES did. That should put to rest any doubt that NQ is the leader, both up or down. I am pretty sure I introduced that trading concept a few months ago here, and it has rarely failed.

Do you think the NAS is just a little a ahead of itself here?