Posts Tagged ‘ES_F’

• Market Getting Extended
  Posted by Leigh Drogen on February 17th, 2010 at 9:25 am, Comments: 0

  The market ripped higher yesterday slicing through that 20 day moving average like butter.  We ended the day right under the 50 day moving average and this morning the $ES_F is up almost 5 points.  Take a look at the $USDX this morning, it’s surging off a strong level of support, but equities haven’t moved. [...]

• Jobs, USDX, ES, and Rates
  Posted by Leigh Drogen on January 8th, 2010 at 9:22 am, Comments: 0

  I hope you all get it by now, that the negative correlation between equity markets and the US Dollar is broken.  In fact, we’ve flipped all the way to a .5 positive 30 day running correlation.  A few months ago if the $DX_F dropped like it did this morning, equity markets would have been flying. [...]

• Back to the Bottom (of the range)
  Posted by Leigh Drogen on December 8th, 2009 at 8:53 am, Comments: 0

  I’ve been warning you for a few weeks now that momentum in the market has stalled out.  Many weekly time frames were looking ripe for a pull back if not a complete end to the rally, see $AAPL.  Market leaders have been slowing getting picked off, one by one, like apples from a tree.  Traders [...]

• Straight Lines
  Posted by Leigh Drogen on October 22nd, 2009 at 12:19 am, Comments: 0

  Today was all about moving in straight lines.  I won’t opine on what that means for the market, just pointing out facts.  Crude oil $CL_F moved straight up between 8AM and 2PM.  When I mean straight I mean straight.  Traders are chasing crude now, the guys in the pits are having a ball, and stubborn fundamental [...]