10 Mar
Pre-open eMini S&P 500 Morning Report for March 10, 2010
Posted in Uncategorized by Bob English at 9:01:18 8 CommentsThe Precise Take – Markets quiet as the S&P 500 tests the January high
Leaders Analysis: 30 Year T-Bond futures are down to moving average support, and the US Dollar Index is mostly flat. The 10 Year Treasury auction is today and the 30 Year tomorrow, so long term rates will be reactionary instead of predictive. The EuroYen and gold are slightly bullish, so the leaders for today are slightly equities bullish.
Medium Term Analysis: The ES is accepting near the January high. We remain bullish this week, but it’s difficult to predict when and how the breakout will occur. If there is a retracement, any venture below the current value area that extends down to 1126.50 should be met with…
Pre-open eMini SP 500 Morning Report 3.10.10 | Wall St. Cheat Sheet
on March 10 2010 at 09:05:25
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spainconsultant
on March 10 2010 at 12:35:13
Till now everything as you planed last week………battlefield for the 1147-1150 resistance is pointed for tomorrow and friday……
Am afraid you´re so good that you will become abducted by goldman or so and we´ll loose your comments…..
As economist I see lot of problems and not a real recovery………specially in Europe, so kind of bearish……… but markets are soberein, of course
Sorry for destroying the english
Bob English
on March 10 2010 at 13:00:12
Thanks, but don’t worry. I like to control my own bonuses. I agree with your opinions about the economy, but never forget about Livermore’s saying about markets, irrationality and solvency.
spainconsultant
on March 10 2010 at 13:47:11
About bonus, clever man………or too honest…..are compatible anyway
About economy, I admire USA, very organized country, lot of freedom, business friendly, stronger civil society and democracy than Europe and very dinamic economy that can bring strong sustented growth any moment………. maybe later this year
But Europe is different, Spain for example, even government recognice we face a lost lustrum, and economist points to a more probably lost decade at least. We lost 2 millon jobs over about 20, world unemployment record (20% with makeup), have crappy public finances, houses still strong overpriced, and even not yet reorganized the finance sector so heavy risk of facing financial crisis 2.0 ………..with this picture in January IBEX touch just 22 % short of 2007 overheated maximuns with some analist talking about a 10-20 % growth year……… Anyghing´s posible but I foresee a choppy path
sdg
on March 10 2010 at 15:46:04
TF weekly R1 @ 676.79 was perfect resistance. Today’s high is 677.90. Thanks Bob.
Dr Bill
on March 10 2010 at 20:44:06
One of the things I noticed in drawing a bunch of straight lines on my 6-month charts:
The SPY has reentered the rising channel (from below) that captured the up and down action from last fall and winter. I’m REALLY surprised by that.
Regards,
Bill Kiele
Bob English
on March 11 2010 at 07:53:48
Thanks,sdg. @Dr Bill: Not only that, SPY is at Midas resistance from the March 2000 high and the March 2003 low. Chart later.
The 3-Minute E-Mini Trading System. | cheapax.info
on March 11 2010 at 13:44:34
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