Posts Tagged ‘E-Mini S&P 500’

Returning to S&P 450?

Thursday, August 26th, 2010

Full story here from ZeroHedge.

Albert Edwards, whose opinion, of all macro economists, is among the most respected by Zero Hedge staff, has just thrown down the gauntlet. In his just released piece he mocks the Black Knight, compares the market to a Polish dude with a bullet stucj in his head, makes fun of koolaid drinking permabulls, and sets his estimate for the S&P… at 450. (more…)

Market spanking roundup

Tuesday, June 29th, 2010

High frequency ‘fat finger’ on Citi:

http://www.zerohedge.com/article/hft-fat-digital-finger-breaks-citi-stock-shares-halted-circuitbreaker-triggered-stock-plungi

S&P busting 900 next?

http://www.zerohedge.com/article/timber-right-shoulder-dislocated-865-next

http://www.zerohedge.com/article/cold-shoulder-goldman-warns-if-1040-taken-out-sp-865-next-stop

http://www.zerohedge.com/article/bond-yields-imply-fair-value-sp-750

http://www.businessinsider.com/closing-bell-june-29-2010-6

Don’t forget Euro-spanking!

http://www.zerohedge.com/article/imf-preparing-bailout-cataclysm-part-2

http://www.ft.com/cms/s/0/a3874e80-82e8-11df-8b15-00144feabdc0.html?ftcamp=rss

http://www.huffingtonpost.com/2010/06/29/europes-massive-austerity_n_629062.html

And ‘finance reform’ (ugh):

http://www.huffingtonpost.com/2010/06/29/wall-street-reform-confer_n_629257.html

http://www.huffingtonpost.com/2010/06/28/scott-brown-may-oppose-wa_n_627986.html

We are one headline away from S&P at 900

Thursday, June 24th, 2010

Full story here from ZeroHedge.

Joe Saluzzi has been let out of his cage and is disseminating yet more truthiness, this time on Bloomberg with Margaret Brennan, where he references the ICI number we disclosed yesterday about $28 billion in equity outflows and says he “doesn’t really blame” investors for bailing. After ongoing daily stock beatings, those people will be the smart ones. (more…)

Pulling all stops to force a melt-up:SPY hard to borrow again

Tuesday, April 6th, 2010

Full story here from ZeroHedge. If melt-ups are your thing,  check this one out on options here.

It seems like it was just a year ago when we noted the first instance of SPY becoming hard to borrow. Well, it was. To wit, from April 22, 2009:

Developing story: Traders confirm several locations indicating SPDRs are no longer automatic borrow and have made their way to the Hard To Borrow list: pre-borrow call is needed versus automatic short prior, as not enough underlying inventory.

Have fun hedging the market when you can not short. Wholesale market squeeze is being orchestrated.

We just obtained confirmation that anyone who clears through Merrill Prime is getting a Hard To Borrow notification for the SPY once again. And so State Street and the BoNY guys come out guns blazing once again, to make sure it is impossible to short the market on today’s Fed day. What is it with the market and HTB lists in April? At least market neutral funds are having a field day as they are forced to unwind in droves.

E-Mini Futures Trading Course

Thursday, March 18th, 2010

E-Mini Futures Trading Course
(more…)

SPY volume back to 2010 lows as mutual funds run out of cash

Monday, March 8th, 2010

Full story here from ZeroHedge.

At 112.8 million shares traded, the SPY just recorded its lowest volume day for 2010. One of the possible reasons for this: mutual funds are rapidly running out of cash to buy stocks. As Bloomberg notes, “equity mutual funds are burning through cash at the fastest rate in 18 years, leaving them with the smallest reserves since 2007 in a sign that gains for the Standard & Poor’s 500 Index may slow. Cash dropped to 3.6 percent of assets from 5.7 percent in January 2009, leaving managers with $172 billion in the quickest decrease since 1991, Investment Company Institute data show. The last time stock managers held such a small proportion was September 2007, a month before the S&P 500 began a 57 percent drop, according to data compiled by Bloomberg.“   (more…)

A brief word from our sponsor…

Wednesday, February 10th, 2010

Hopefully you’ve all been applying your ShadowTrading skills and getting in some trading every day. The volatility has been good on various instruments and you have a lot of choices out there (e-mini’s, 6J, 6E, CL, NG, etc). Looking at the graphs, the news and the general geo-political vibe out there, I feel it necessary to remind you all to make sure you are in and out of your trades before end of day. Hopefully it’s not taking you more than about 10-15 minutes to hit your targets and be done.

Also, depending on your broker, the cash in your account might be being put into money market accounts at night. This didn’t used to be a big deal, but now that rulings have come out to reinforce the concept that redemptions could be frozen for “extraordinary events”, this is more risk than I feel is acceptable.

I can’t fully quantify it yet, but there appears to be one or more major events hanging out just beyond the horizon. Whether that is a US debt default, debt jubilee, war or something else…I’m not certain. But I haven’t seen this many BIG news items coming up at the same time. I have my ears open on various lines and will faithfully keep you updated.

Given the potential for some “disruptive event”, I think it is good policy to move a portion of profits out regularly from your trading account, and put that towards paying down debt and/or buying what will really help you survive now [in case you're wondering, a new 70 inch LCD TV is not a survival item--just see how well it does when the power's out]. I’m not exactly big on hoarding cash, since fiat currency, like Blanche DuBois, “relies on the kindness of strangers.”

 Debt all paid? Very good. You can work on broadening your horizons by establishing bases of operation in other countries.  Don’t forget to help out your fellow man either. Folks are dying for credit. You could be a trusted source to provide refinancing away from the evil, usurious vampire squids out there. Count it as a revolutionary act–and a kind one too.

E-mini manipulations

Thursday, January 14th, 2010

Full story here from ZeroHedge.

“What happened at 12:03pm Eastern Time?  There were no reports out, the 10-YR Note auction wasn’t until 12pm, and the S&P500 was a bit stonewalled just under 1137.00 after a rally from the day’s low.  As the market advanced slowly through the congestion it hit: a MASSIVE order, or series of orders, lifted the offer in the e-minis.  But it wasn’t your garden variety large order of 2,000 mini’s – I’m talking about 114 times that size.

At 11:03am today at the Chicago Board of Trade (12:03pm EST) over a quarter of a million mini-S&P500 orders traded north of 1137.00!  (228,000 last count) (more…)

Nouriel Roubini’s 2009 market calls track record

Wednesday, November 4th, 2009

Full story here. If Professor Roubini had to live on his market calls, he’d be saying “Spare change?” a lot.

“Nouriel Roubini, Dr Doom the academic economist who has repeatedly peddled the stocks bear market case to a captured audience of naive investors has again come out with another in a series of Doom stories to scare investors away from the market. (more…)

So, where’s the market going?

Monday, November 2nd, 2009

An interesting set of predictions here. In honor of the “Cold Turkey” message below, I include the John Lennon tune of the same name.

Bob’s World: Happy Christmas, Cold Turkey Time

There are 5 things that really matter now: There are 3 ‘players’ – the Private Sector (‘PS’)  individuals, non-fin’l & fin’l corporates), the Policy Maker (‘PM’) (Govt., Central Bankers, Regulators), and the Financial Sector (‘FS’) (the Market, the big institutions); And there are 2 BIG defining  ‘forces’ – Balance Sheets (incl. the Cost of Capital), and Growth (Final Demand). Each of these players and forces are linked to each other, influence each other, and rely on each other, in Good AND Bad ways. Let’s take a closer look at each: (more…)