The Precise Take – Equities still consolidating near highs

Leaders Analysis:  The leaders are mostly quiet overnight, and are equities neutral.  Focus will remain on the US Dollar Index’s consolidating wedge. 

Medium Term Analysis:  Yesterday, the ES tested to the tick the January 1148.00 high.  If we were to compare the current rally to that of July 2009, yesterday would be Tuesday, July 21 and today would be the July 22 inside day, with tomorrow the strong break up through resistance.  We note this because of…

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4 Responses to “Pre-open eMini S&P 500 Morning Report for March 11, 2010”

  1. Pre-open eMini SP 500 Morning Report 3.11.10 | Wall St. Cheat Sheet

    on March 11 2010 at 09:07:41

    [...] This is a guest post from Precision Capital Management [...]

  2. spainconsultant

    on March 11 2010 at 10:31:07

    There´s not much green in my screen

    Ibex 1 % down, so right now (1 hour to close) not beliving today it´s the good atempt to the 1150……. Europe less but also pesimistic , maybe after european close….things change in New York

    Next Friday withc day…… 7 more gaining day added to last 8-9 are too much

  3. Bob English

    on March 11 2010 at 11:19:52

    So far proceeding nearly as planned. Got a bear trap by taking out yesterday’s day session low and squeezing the shorts. If we do break higher, it will probably be after the 1:00 pm EDT 3010 yr auction.

  4. sdg

    on March 11 2010 at 16:02:19

    Nice call on market going higher in the afternoon. Thanks Bob.

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