14 Jan
Pre-open eMini S&P 500 Morning Report for January 14, 2010
Posted in Uncategorized by Bob English at 9:49:10 4 CommentsThe Precise Take – ES flat on Retail Sales ahead of CPI and opex Friday
Leaders Analysis: 30 Year T-Bond futures have not been able to capitalize on Tuesday’s breakout, but have a good chance to rally on a tepid to cold CPI tomorrow. Also, the 30 Year auction is today, but the auctions this week haven’t been producing much volatility. The EuroYen is rangebound and not offering much guidance, and the US Dollar is up marginally from yesterday. All in all, the leaders are equities neutral.
Medium Term Analysis: Not much to add from yesterday’s commentary, except that the ES had its biggest day-session range since December 4 and intraday volatility is returning as expected.
Trading Today: As we write, retail sales for December came in below expectations and jobless claims came in at the upper end of expectations, which should both be bearish for equities. However, the ES has barely budged, so the bulls appear to remain in control. If the ES can break above yesterday’s high of 1145.25, there is a good chance of hitting…
Pre-open eMini SP 500 Morning Report 1.14.10 | Wall St. Cheat Sheet
on January 14 2010 at 09:55:13
[...] This is a guest post from Precision Capital Management [...]
sdg
on January 14 2010 at 12:23:05
@ 10:42 bearish outside bar on 3 min at resistance was a good short and exit was @11:12 when bullish outside bar formed … 1143.75 to 1140.75. Stop was one tick above day high.
sdg
on January 14 2010 at 12:26:19
81 min has formed a weak bearish outside bar and suggests lower low for the day.
Bob English
on January 14 2010 at 14:22:35
Was out most of morning but will post an update shortly.