SP futures (or ES electronic mini S&P) traded flat through most of the night, then went into rally mode at 7 AM NY time, topping out on release of the weekly unemployment claims, which beat expectations. The futures have since been walking sideways, just above the converged 2 and 5 day cycle centerlines, which are…
Tag Archive for Congestion
Bears Chat, Best of the Forums
[msn] Why Everyone Should Love $5 Gas
by Bears Chat at The Wall Street Examiner • • 0 Comments
Why Everyone Should Love $5 Gas
High gas prices may actually have upsides, such as shorter security lines & less pollution. Plus, more benefits of $5 gas for you & the rest of America.
– Fewer people would die on the road.
– Demand for high-mileage c…
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Barron’s: ‘The Underappreciated Upside Risk’
by a Wall Street Examiner • • 0 Comments
“This little period of congestion in stock prices could hardly fit more neatly into the logically bulletproof case for a stall or pullback in the tape, one made here for several weeks.”
“The excuses to “sell on the news” are rife.”
“Strong corporate…
Bears Chat, Best of the Forums
Schaeffers Monday Morning Outlook
by a Wall Street Examiner • • 0 Comments
http://www.schaeffersresearch.com/commentary/content/monday+morning+outlook+market+stuck+in+neutral%
3b+djia+slips+below+11100/observations.aspx?ID=103703#103703
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What the Trading Desk Is Expecting: Trading Range Reminiscent of Late 2009
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