27 Jan
Pre-open eMini S&P 500 Morning Report for January 27, 2010
Posted in Uncategorized by Bob English at 9:53:00 3 CommentsThe Precise Take – Equities trying to maintain ahead of FOMC Announcement
Leaders Analysis: The leaders are flat overnight, with the US Dollar still at critical resistance.
Medium Term Analysis: Uncertainty still looms regarding the Bernanke vote and to what extent banks will be affected by the new Volcker proposals. With GDP on Friday, we expect volatility and a resolution of the fate of this correction.
Trading Today: On the morning of an FOMC Announcement day, the ES would typically be up by five points or more from the prior close; however, the ES has not been able to muster a move through closing VWAP at 1092.50. If the seasonality holds, we should see a bullish day until after the Announcement, with downward move beginning anywhere from 2:30 pm to 3:00 pm. As noted above, however, the day is…
Pre-open eMini SP 500 Morning Report 1.27.10 | Wall St. Cheat Sheet
on January 27 2010 at 09:58:11
[...] This is a guest post from Precision Capital Management [...]
Jeff
on January 27 2010 at 11:29:25
So, longs are ill-advised today… Perhaps shorting this afternoon prior to the announcement is the safer play.
Bob English
on January 27 2010 at 11:54:08
Will post soon.