Emini Futures Trading / Markets Surge On Earnings

E-Mini S&P 500: The stirrings on the earnings foster the surge up!

The E-Mini S&P 500 is in the whirlwind of earnings reports coming in to inspire and elate traders! The Dow Jones Transportation Average was up 1.2 percent to 5,510.06 which is made up of airlines, shippers, railroads and truckers. This particular area is of concern with the rising oil costs and a positive report is very appealing in this inflationary environment. PepsiCo Inc. and Coca Cola reflected earnings above the forecasts. Other companies such as Procter & Gamble lowered their profit forecast due to the higher cost of doing business. We are encountering an array of mixed economic reports and earnings report. It is important to keep up with market sentiment, but not to over analyze the fundamentals  as the market may act independently of these reports. Insurance companies are reporting stronger earnings beyond analyst expectations.

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Emini FuturesCast / The Daily Pod 04/27/11

We play foot loose and fancy free with our President's live birth wherever it happened. (tastefully of course) Our co-host David refuses to come off his soap-box and says "The Donald" more than thrice, we finally take a look at the catatonic markets before heading off for Ben's Snooz-A-Palooza. That's right, we broadcast the entire thing from start to finish stretching our own rubber band to almost 4 hours. Oh Snap!

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Emini Futures Trading / Oh Snap!

E-Mini S&P 500: Beware the rubber band!

The E-Mini S&P 500 extended yet another day on Federal Chairman Ben Bernanke’s words of continued support today! He suggested that the moderate pace of the recovery with the light inflationary concerns was still on target. The $600 billion dollar bond-buying program will expire June 30, but the money should be reinvested again perhaps. The “extended period” is still in place and with the US Federal Government support, the rally ensued in the E-Mini S&P 500. The US Federal Government is aware of the warning from Standard & Poor’s potential downgrade, but is modestly optimistic with the long-term plan and potential progress. In the midst of some fairly positive earnings reports, up seemed like the only way to go. General Electric rose 3.2%  to $20.75.  Boeing Co. rose 0.8% to $76.17. Whirlpool rose 0.3% to $88.14.  About 220 companies of the S&P 500 reported earnings of which 73% were above expectations.

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Emini FuturesCast / The Daily Pod 04/026/11

We continue our never ending no apologies pursuit of the truth...

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Emini Futures Trading / QE3 Anyone?

E-Mini S&P 500: Earnings take us over the top!

We have about 35% of the earnings reports in according to Thomson Reuters and 76% so far are better than analysts anticipated.  UPS rose 1.2% to $74.49. Shipping companies represent the barometer of business as they deliver goods internationally. 3M rose 1.9% to $95.94.  Ford Motor Co. was up 3.1% to $16.03. Looking forward to Federal Chairman Ben Bernanke’s commentary on the meeting tomorrow, we have some concern that any potential stimulus withdrawal may have a negative effect on the Stock Market.

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Emini FuturesCast / The Daily Pod 04/025/11

Quiet markets lead to 2 hours and 42 minutes of aimless verbal wrangling. Like drunken sailors we meander from the physical manifestation of markets, to the man in the silver doji, to the Rapture. If that weren't enough we pressed into Bill O'Reilly's speculation that high gas prices are simply the work of evil oil speculators and wound up wondering if Apple is evil, or good, or just a fig(leaf)ment of our imagination. Let's face it, that "bite out of the apple" does symbolize the downfall of man. Right? No? Better tune in...

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Emini Futures Trading / Markets Quiet Ahead Of Fed

E-Mini S&P 500: A quiet day ahead of the Fed!

The E-Mini S&P 500 post-holiday exhilaration seemed to fizzle even as New Home Sales rose 11.1 percent today! We were at an annual rate of 300,000 while February had been at a low of 270,000. Inflation is still playing havoc with the marketplace! Crude Oil prices hit a high of $113.48 having investors feel that the inflation fears will continue. This cost of doing business hurts some major companies such as Kimberly-Clark as they make Kleenex Tissues and Huggies Disposable Diapers.  These products are made with oil and with the high cost of oil their earnings projections are down.  Kimberly- Clark fell 2.7 percent to $64.24. The earthquake in Japan also affected production in the auto making industry.

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Emini FuturesCast / The Daily Pod 04/21/11

Our offices are closed for Good Friday. See you Monday!

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Emini Futures Trading / Reverse Head And Shoulders

TURN THE TV OFF AND JUST LOOK AT THE CHART

I'm not here to regurgitate CNBC and all the fundamental bullish/bearish arguments that are out there. If you are a trader you already know all the news out there so what I want you to do is this...

Turn off the TV, set your personal opinions aside and look at the chart in front of you and tell me this,   "What do YOU see?"

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Emini FuturesCast / The Daily Pod 04/20/11

Win Loss % and does it really matter / Metals dive mid-day / Mythical Silver Guy still our hero

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