Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Monday, October 20, 2008
Out
I just covered my short unit at 964. I am still not convinced that the day's trend is upward, but strength above the 975 level would be very bullish.
5 comments:
Anonymous
said...
Carl,, watch the 2yr swap sprds.. currently 109 bps it is at the 107 bps support zone going back 12months. If this 107 region breaks, next stop down is approx 90bps which might equate to 250 to 300 dow pts higher. If anything, now is the time to short the spu's at 965 while the swap sprd is 109 bps as you have stop loss points of 975 in the spu's and 102 ish in the 2yr swap sprds.
Carl, You know you are really good. Can you add in your GUESSTIMATES for the day a probable target every day as well as near term target as you have for S&P, Gold, etc. for the Sensex or Nifty. I have been watching your blog daily for the last many days. Your name has been given to me by Mr. Sudhakar Pai of manipal, INDIA.
5 comments:
Carl,, watch the 2yr swap sprds.. currently 109 bps it is at the 107 bps support zone going back 12months. If this 107 region breaks, next stop down is approx 90bps which might equate to 250 to 300 dow pts higher. If anything, now is the time to short the spu's at 965 while the swap sprd is 109 bps as you have stop loss points of 975 in the spu's and 102 ish in the 2yr swap sprds.
recent s&p wedge pattern; no volume this a.m.
Carl,time-frames are in conflict ..see Intraday
Carl, You know you are really good. Can you add in your GUESSTIMATES for the day a probable target every day as well as near term target as you have for S&P, Gold, etc. for the Sensex or Nifty. I have been watching your blog daily for the last many days. Your name has been given to me by Mr. Sudhakar Pai of manipal, INDIA.
JIMMY. MUMBAI. INDIA
Entering the time frame where equities need to catch a bid otherwise we will head lower to test Friday morning's low.
EDS
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