Thread: tsptalk's Market Talk

Originally Posted by tsptalk

The 15-minute futures chart shows some possible resistance in this area, after 7 consecutive positive 15-min bars. The S&P 500 is currently 1992.

Thanks for the channel depiction. T

he other resistance is in the 199000 in the horizontal, where several other places in the chart either ran on top of or hit before going in a different direction. Breaking the channel can lead to the break going vertical. Not breaking the channel (failing the test of the channel's upper bounds) is supported with the overall trend - downward.

After...

Originally Posted by tsptalk

The 15-minute futures chart shows some possible resistance in this area, after 7 consecutive positive 15-min bars. The S&P 500 is currently 1992.

Premarkets traded positive during this morning's session.

Capture.jpg

As the world digests Draghi's comments, it's interesting that London's FTSE is now down while Germany and France's markets remain up 1%.

"The bank's president, Mario Draghi, said the outlook for economic growth in the euro zone had been revised slightly down, mainly reflecting the weakened outlook for the world economy but added that he did not anticipate the need to reduce rates further, but new facts could change the situation.

"In light of cuts to the growth and inflation outlook, the ECB announced on Thursday that it had cut its main refinancing rate to 0.0 percent and its deposit rate to minus-0.4 percent."

http://www.cnbc.com/2016/03/10/will-...cb-easing.html


The U.S. futures lost a lot of steam since the announcement a couple of hours ago.

(5-min bar chart)

Premarkets had a flat start, but ended the session well.

Capture.jpg

Where's Helicopter Ben when you need him?

no more Heli-Ben...now we have Yellen yelling...whats the latest on fed rate anywayz...

Originally Posted by shitepoke

no more Heli-Ben...now we have Yellen yelling...whats the latest on fed rate anywayz...

FOMC meeting next Tuesday and Wednesday

Yep... and of course I heard futures were shooting up and market would open in triple digits this morning. I guess that was BEFORE the meal was fully digested. :sick:

Originally Posted by tsptalk

As the world digests Draghi's comments, it's interesting that London's FTSE is now down while Germany and France's markets remain up 1%.

"The bank's president, Mario Draghi, said the outlook for economic growth in the euro zone had been revised slightly down, mainly reflecting the weakened outlook for the world economy but added that he did not anticipate the need to reduce rates further, but new facts could change the situation.

"In light of cuts to the growth and inflation outlook, the ECB announced on Thursday that it had cut its main refinancing rate to 0.0 percent and its deposit rate to minus-0.4 percent."

http://www.cnbc.com/2016/03/10/will-...cb-easing.html


The U.S. futures lost a lot of steam since the announcement a couple of hours ago.

(5-min bar chart)

The F fund is pissing me off, shouldn't it be up on a day like today?

Originally Posted by sniper

The F fund is pissing me off, shouldn't it be up on a day like today?

Not if, as Fred Sanford used to say, "this is the big one!"

For whatever reasons, correlations occasionally flip-flop. F fund vs C/S/I funds. Gold vs Dollar. Etc.