One of the best webinars I’ve ever seen. Regardless whether you’re an investor or trader, in this video Jack Bouroudjian covers the major interacting forces acting on the market such as economic reports, treasuries, and yield curve. In addition, Bouroudjian shows us incredible insight into how the markets are structured, interact with each other, and [...]
The following discussion took place in the Hamzei Analytics High Frequency Trading chatroom on September 1, 2009. Names in this transcript has been changed for privacy purposes.
MORNING
9.1.09 S&P 500 Chart for Morning (9:30am-12pm EST)
Moderator_A> I tend to lever more aggressively at time points in the day Trader_A
Moderator_A> and I may take off
Moderator_A> numerous pieces of [...]
SPDR Gold Trust ETF: GLD
GLD has a nice ascending triangle making higher lows up the 50 day and 20 day SMA. Gold itself broke out today and my partner in crime @JeffreyLin on twitter called out the triangle breakout on Gold. My alert was set for GLD @ 94.20 with a upside target of 100 thinking [...]
Based on the feedback we have been receiving over the past few weeks regarding our weekly newsletter, we are changing the format of the BHBGroupTrader Market Spread Report. First, the capital markets comment will contain four sections, each pertaining to a different complex in the futures asset class: macroeconomic/equity, currency, interest rate, and commodity. Second, please note that in the ideas section, I will include only recommendations applicable to the futures market.
Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
S&P 500 Index - monthly- 20 yr chart- testing 200monthSMA- 32.8% Fib at 1085 from ‘91 low-very steep MACD bull cross
NASDAQ Composite Index - NAZ monthly- broke above 200monthSMA- 62.8% Fib from 1991 low at 2160- strong MACD bull cross
US Gasoline Fund ETF (NYSE) – daily-negative [...]
So much for the dog days of summer. The week of August 10-14 promises to be one of this summer’s more pivotal weeks for the capital markets: equity markets will contemplate the Federal Reserve’s Open Market Committee Statement on Wednesday for clues regarding the strength of the economic recovery and associated monetary policy; the bond [...]
Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
Amazon.com, Inc. (NASDAQ) - daily- bounced from 50daySMA after false breakout- boxed between 50 and 20 in middle of up channel
Google Inc. (NASDAQ) – weekly-broke above primary downtrend line on decreasing volume-coming into congestion range 450-525
Apple Inc. (NASDAQ) - daily-negative divergence on MACD histogram-look to supp [...]
Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
Financial Select Sector SPDR (ETF) (NYSE) – weekly- tagged Dec resistance right at 13.68- a break above could lead to quick move to 16-17 range
Financial Select Sector SPDR (ETF) (NYSE) – daily- hit first target of 13.68 quickly after break above range- overbought, but [...]
Whoever said that capital markets do not go up or down in a straight line obviously never experienced 2009. The broad market S&P 500 and S&P/TSX Composite indices both rose for the third consecutive week, each registering gains of 0.8% and 0.9% respectively in the week of July 27-31. Both indices have now risen 16 out of the last 21 weeks, after having fallen 7 out of the first 9 trading weeks of the year.
What caused the sudden and precipitous drop? The economic data, once again, was horrendous: the unexpected drop in last Tuesday’s Conference Board Consumer Confidence report provided the preamble; Thursday’s non-farm payroll number showing the US economy lost some 130,000 more jobs than expected proved to be more than any green-shoot theorist bulls (or more importantly for purposes of the ensuing discussion, supplemental liquidity-providing proprietary program traders) could handle.
