Emini Futures Trading / Google Slips On Earnings

E-Mini S&P 500: Lagging reports equate to sagging market?

It is the earnings season and so far the corporate earnings seem to miss expectations. Google today came out today without hitting the forecasts expectations. The earnings forecasts for this year seems to be fraught with anxiety over readings that normally may give the market a boost. The Initial Jobless Claims rose 27,000 to a seasonally adjusted 380,000. Goldman Sachs is again in the news only this time, they are under a senate investigation. Goldman shares had fallen 2.9%.  Ford Motor Co. fell 1.8%.  It is said that the earthquake somehow hindered the earnings for automakers this year. Crude Oil prices are still high and may weigh on the market. Inflation is still an element of concern. Today’s PPI rose .7 % attributed to the energy sector. 

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Emini FuturesCast / The Daily Pod 04/013/11

Mike Reed joins us today. David nails the Gold trade. Bonds escape us..... and I took my meds before the show.

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Emini Futures Trading / Will GS Increase Our Credit Line?

E-Mini S&P 500: Stellar expectations not for sellers?

It is the earnings season and the bulls have waited to grasp the positive flow of business to boost the economy! Technology stocks such as Riverbed Technology Inc. and EMC Corp. led the market higher. JPMorgan Chase & Co. stock fell after the bank’s chief executive remarked on a conference call that it was unlikely that there would be a dividend hike soon. Retail Sales were up .4 today, but this was the smallest increase in the last nine months. Business Inventories were up .5 less than expectations.  President Barack Obama has been setting the stage for his budget cuts in the deficit. The market sentiment seems to have changed perhaps since the budget meeting last Friday or perhaps after Goldman Sachs told their investors to liquidate their commodity positions.

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David Williams Webinar Today

If you attended the Webinar today we highly encourage you to take advantage of our FREE TRIAL. Spend one week with us absoutely free in our Live Trading Room and tune in to David live every day at 12 noon eastern. No Credit Card required.

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Emini FuturesCast / The Daily Pod 04/012/11

After an unusually bumpy Twilight Zone start we discuss The Million Dollar Silver Bet / Has The Prophet (GS) Spoken? / Does (SLV) actually own any silver and other popular conspiracy theories...

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Emini Futures Trading / GS Prophet For Profit?

E-Mini S&P 500: Self-fulfilling prophecies?

 Goldman Sachs talked and the market listened! No, this isn’t a commercial. News coming out on the wires last evening and this morning spoke of Goldman Sachs telling their investors to take profits particularly on Gold and the Crude Oil. What was difficult to figure out was if the market started the move down or the word from Goldman.  Yes, the prices were overextended!  The price of Crude Oil up around $110.00 did not make sense since we import the majority of our Crude Oil from Canada and Mexico. This market was fragile and just a signal from one of the largest wire houses caused the avalanche in the commodities sector.

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Emini FuturesCast / The Daily Pod 04/11/11

David blushes, Michael gets a new phone, Burt trades Zone to Zone and the Beatles sing Happy Birthday... 

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Emini Futures Trading / Zone To Zone

Day Trading Strategy101.  The 1^st hour of trading will tell you a lot!!

In the “training room” this morning our CFRN members were on HIGH ALERT. The 1^st hour of trading(0830-0930) was the qualifier. Depicted in the chart, a nice “doji” set up gave us a SELL SIGNAL to act on. 

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Emini FuturesCast / The Daily Pod 04/08/11

Our old friend Ben Lichtenstein founder of Traders Audio and regular guest on CNBC drops in for a quick visit. We recap our YM trade from Thursday night, our ES trade from Friday morning and chat with David from PageTrader about his upcoming seminar and webinar. Has the market found a top? 

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Emini Futures Trading / Yearning For Earnings?

E-Mini S&P 500: Traders yearning for good earnings?

The E-Mini S&P 500 is so close but yet so far from breaking through the resistance level of $1337.75! In truth, how could it? Today’s volume was again light. Why?  Our US Government is tied up in a budget meeting! If they do not agree on budget cuts and a funding bill, a shutdown is possible. Is it possible?  It happened in 1995. Although, we believe that some agreement may be made, the uncertainty puts many traders on the sidelines. Crude Oil prices ranging today $112.00 - $113.00 also may be pressuring the indices. We had an outside day extending on the downside just a quarter point beyond our anticipated tolerance support. Today, we had Chevron Corp.

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