13 Aug
Pre-open eMini S&P 500 Morning Report for August 13, 2010
Posted in Pre-open Analysis by Bob English at 9:10:25 1 CommentThe Precise Take – Equity futures holding after no news surprises
Big Picture Analysis: CPI and Retail Sales were within consensus this morning and have not moved the markets much. Next week is quiet on the news front, with a few housing reports, along with TIC and PPI, on Monday and Tuesday. Then, nothing major for the remainder of the week. Short sellers should reappear on a move to 1090-93 in the ES or below 1070.00–in between is, thus, neutral.
Leaders Analysis: Long term Treasury futures appear overbought and look ready to spike down on the first news that would support such a move. TIC or PPI could do so. Tuesday is also the Fed’s first Treasury purchase since the program ceased last year. The amount will probably be about $2 billion, and it’s worth noting that…
Bob English
on August 13 2010 at 10:10:22
I’m taking off early today…floor is yours.
http://www.zerohedge.com/article/hindenburg-omen-here
From Sentiment Trader comes this report:
http://www.precisioncapmgt.com/wp-content/uploads/HindenburgOmen.pdf