How To Play The Fed
Today’s economic development sets up a potential play in Federal Funds futures
Leg Five?
Soybeans are continuing to hold, and rally, above the 50%retracement of their June rally. As mentioned in last Fridays FuturesMarket Recap, beans could have one more up-leg to go in a five-wave Elliotwave pattern. Todays gap open works to refute the island-top argument of July11-19. The up move is
Here’s How To Catch That Rally
If you’ve missed the reflex rally in stock index futures
What This Bellwether Is Telling Us
The latest reading on corporate health, this time from bellwether Hewlett-Packard
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PowerRating), is putting the lid on a potential reflex rally as the heaviest week of releases of quarterly earnings draws to a c
Economic Meltdown
The leading contract on the Momentum-5List, September copper
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PowerRating), gappedto new contract lows on the open, retraced to fill the gap and test yesterdaysclosing range and is back down, challenging new l
Behind The 10% Rally
Nat gas soared
Testing Traders’ Reflexes
The major averages rebounded in early trading in areflexive move from three days of selling. But pessimism about corporateearnings and economic growth is outweighing some positive earnings results outfrom the tech sector and oil patch. The weak rebound is keeping traders alertedto additional follow-
Bearish Bar, Bullish For Bonds
With yesterdays outside bar down in all three stockindex futures contracts, the likelihood of a cascade to measured-move objectivesin the contracts — down to 1125 in the SPU1 and 1510 in NDU1, usingtraditional measuring techniques — increases. We will likely see a correspondingflight-to-safety mo
Greenspan Lends Support
The Fed may soon be tapped out
This Pattern Is Music To Traders’ Ears
These bars hummed last night
Triggering Pullbacks
Stock index futures are all leaving outside bars down andtriggering theirPullback From Lowssetups. Nasdaq 100 futures
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PowerRating),S&P futures
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Why’d They De-Couple?
Soybeans surged while wheat and corn languished.