Tag: "futures market update"
Financial Market Gets Hit With The Ugly Stick
March 5, 2009 Yesterdays rally was completed negated with the whopping gap down that had the SP’s opening below 700. Buyers were simply nowhere to be found as the harsh reality of the bear has grabbed hold of everyone. So bearish that one would have to think the bottom is near. When we officially cannot [...]
View PostMarket Update SP 500
After a 20 point opening gap the SP’s found even more sellers are the open. After a long and protracted consolidation period the market could not entice any interested buyers. A break of the 700 level seems to be within striking distance and we have not seen any true signs of market capitulation at this [...]
SP bigger picture analysis
The Bigger Picture Even as day traders we must stop and evaluate the longer time frame charts. The big picture can provide many clues and help us setup or manage trades in the shorter time frames. I’ve taken the time to do a pre market evaluation of the daily chart, that i will share with [...]
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