Financial Sector (XLF)

    Looks like the markets skipped pre-Christmas appetizers and headed straight for the pudding today.After today's big rally, the YM, ES, NQ & TF may be headed towards their upper Bollinger Bands on the Daily chartgrid below. I seem to recall that Goldman Sachs' 2011 year-end target for the ES is 1250...(and that their

  Below is a Daily chartgrid of the YM, ES, NQ & TF. Relatively-speaking, the Dow is holding up better than the other 3 as it closed on its 50 sma (red) and mid-Bollinger Band today, while the others closed below. In keeping with my “mean” theme from yesterday’s post, the YM returned to its

Quick look at the intraday action and the resistance level that I am ‘eye-ballin’ across the board in XLF and major indices. I’ve bought some TNA this morning, which I may come to later regret – but as you can see from the resistance we are trying to push through below, I think there

I'm 95% cash for the weekend, and expect to get short on Tuesday.  This is assuming, of course, that hurricane Katia (I pronounce it kuh-TEE-uh) doesn't wash over Central Florida and knock out my power.  It was almost funny to hear the Northerners complain about losing power for a few days in the summertime.  They

Current Long Positions (stop-losses in parentheses): XLF (14.02), V (68.99), ENZN (10.15), TICC (8.42) Current Short Positions (stop-losses in parentheses): SPY (113.30), DGX (50.09) BIAS: 37% Short Economic Reports Due Out (Times are EST): Empire State Manufacturing Survey (8:30am), Treasury International Capital (9am), Housing Market Index (10am) My Observations and What to Expect:

Current Long Positions (stop-losses in parentheses): XLF (14.02), V (68.99), ENZN (10.15), QQQQ (44.79), TICC (8.42) Current Short Positions (stop-losses in parentheses): SPY (Hedge) BIAS: 6% Short Economic Reports Due Out (Times are EST): Consumer Price Index (8:30am), Retail Sales (8:30am), Consumer Sentiment (9:55am), Business Inventories (10am) My Observations and What to Expect: Futures

Current Long Positions (stop-losses in parentheses): XLF (14.02), V (68.99), ENZN (10.15), QQQQ (44.79), CSR (5.24), TICC (8.42) Current Short Positions (stop-losses in parentheses): SPY (Hedge) BIAS: 3% Long Economic Reports Due Out (Times are EST): Jobless Claims (8:30am), Import and Export Prices (8:30am), EIA Natural Gas Report (10:30am) My Observations and What

Current Long Positions (stop-losses in parentheses): XLF (14.02), V (68.99), INTC (19.75), ENZN (10.15), QQQQ (44.79), CSR (5.24) Current Short Positions (stop-losses in parentheses): None BIAS: 44% Long Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), Productivity and Costs (8:30am), Redbook (8:55am), Wholesale Trade (10am), EIA Petroleum Status (10:30am),

Current Long Positions (stop-losses in parentheses): XLF (14.02), V (68.99), INTC (19.75), ENZN (10.15), QQQQ (44.79) Current Short Positions (stop-losses in parentheses): None BIAS: 65% Long Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Productivity and Costs (8:30am), Redbook (8:55am), Wholesale Trade (10am), FOMC Meeting Announcement (2:15pm) My Observations

Current Long Positions (stop-losses in parentheses): XLF (14.02), V (68.99), INTC (19.75), ENZN (10.15), QQQQ (44.38) Current Short Positions (stop-losses in parentheses): None BIAS: 65% Long Economic Reports Due Out (Times are EST): None My Observations and What to Expect: Futures up moderately.  No major economic news today. Fed meets tomorrow –