Wall Street Crack

For Those Addicted to the Wall Street Game

Posts Tagged ‘USD’

Market Morning 10/5/10 $ES_F $SPY $SPX $YM_F $GC_F $GLD $CL_F $USD $QQQQ

Posted by Dino on October 5, 2010

Always know what can make, (or more importantly) lose you money today.

European and Asian markets are primarily up after the Bank of Japan cut its interest rates and pledged to by $60 billion of assets.  Futures are currently up and it appears that we may be battling back and forth between the S&P 1130 & 1150 levels.  Yesterday selling dominated but we did not breach that 1130 level.  I’m guessing we may stay between these two levels until Thursday or Friday when the Employment situation is announced.

Crude continues its recent climb as Gold yet again makes new highs.  This continues to be an Equity, Treasury and Commodity rally while the dollar continues to get smacked down.

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Market Morning 10/1/10 $SPY $ES_F $SPX $YM_F $GLD $USO $USD

Posted by Dino on October 1, 2010

Always know what can make, (or more importantly) lose you money today.

So yesterday seemed to be a bit of a distribution day with a number of market leaders selling off on decent volume.   The major indices escaped with out any major technical damage but if we continue to sell off today we may drop back into the summer trading range.  So far it appears that things will open higher but we’ll have to wait and see if the sellers let it rise before pulling it back down as they did yesterday.

I’m raising some cash and closing some positions.  Most are involuntary closings but that’s why we have stops inplace and some profits were taken off the table and losses cut short waiting to decide where we want to position ourselves for next leg.

I will work on a watch list this weekend and post it prior to Monday’s open.  I’ll probably have some time on my hands because the Lions are playing Green Bay and since they haven’t won in Wisconsin since 1991 (I was a freshman in high school) luck isn’t on their side….neither are probabilities, statistics or fate cause they suck.  Alright….enough of the depressing stuff…..

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