The S&P put in another short term bottom on April 11

[Buy1Sell2]

Quote from volente_00:

My target has remained the same, 1330 area. I am calling short term "BOTTOMS" not "TOPS" From my last short bottom call at 1295 we went 17 points higher. The majortiy did not agee with me at 1265 when I said we would see 1300 and I do not expect it to be any different this time.

You were right on the call from 1265 to 1300, but not on the most recent call , at least not yet. The market did move higher but did not hit the call target. At this moment the last call has either not been allowed to fully play out, or it was wrong.

 

[Bitstream]

incestuous mkt wants higher now

 

[Buy1Sell2]

Quote from 1000:

That's just to confuse the Chinese.

Anyway on a serious note, future and cash spreads still have to be crushed. Been since about last Oct when futures were negative on cash, I think.

Where are we on cash right now--I don't usually look at it--just the futures.

 

[1000]

Quote from volente_00:

My target has remained the same, 1330 area. I am calling short term "BOTTOMS" not "TOPS" From my last short bottom call at 1295 we went 17 points higher. The majortiy did not agree with me at 1265 when I said we would see 1300 and I do not expect it to be any different this time.

You got lucky, because of contago on the then forward Jun futures, and everyone fell for the oldest trick in the book.

 

[1000]

Quote from Buy1Sell2:

Where are we on cash right now--I don't usually look at it--just the futures.

+9 handle spread. Needs crushing pretty soon. This has to happen outside cash trading hours. Don't know what the excuse will be, may be around the fomc mins release, coupled with a few bad earnings?

 

[Buy1Sell2]

Quote from 1000:

+9 handle spread. Needs crushing pretty soon.

This where you may have me a bit confused with your language. I am certain that you mean futures are plus 9 to the cash, but are you saying that futures will be crushed below the cash to trade at a discount ?

 

[Avid_Consumer]

Quote from NoiseTrader:

It allowed me to buy Gold recently on 3/23 (still long) and many other stocks and futures with a high win-raito and minimal risk.

you mean 4/3

 

[1000]

Quote from Buy1Sell2:

This where you may have me a bit confused with your language. I am certain that you mean futures are plus 9 to the cash, but are you saying that futures will be crushed below the cash to trade at a discount ?

Yeap, or trade close to cash.

 

[Buy1Sell2]

Quote from 1000:

Yeap, or trade close to cash.

Ok. I usually just follow the futures with technicals etc. to determine weakness and strength on weekly and daily charts. Long term fundamentals (not day to day news) are in the back of mind as well (way back). I never pay attention to cash, so I wouldn't know. Thanks for the info. In general I would think that cash and futures come together progressively as the contract date approaches with cash usually at a discount. What is the reason that you believe that it is about time for the crush?

Never mind , I see the earlier post where you said you didn't know what the excuse would be.

 

[volente_00]

There is a reason the premium is so high.