I had to re-name the file...duh. I will be giving my full in-depth analysis of the upcoming games in chit chat. But a quick summary: PIT/Cards for the win.
The momentum picked up somewhat in the 3 o'clock hour but nowhere near that of yesterday. Fortunately, or unfortunately depending on how you see it, no selloff materialized. One thing is for sure, however. Bears are rearing their beautiful heads again. BTW don't expect the market to jump out of the window before next Tuesday, the day of the Inauguration.
Me too. Bot 3,000 yesterday and 4,500 today Worse case is the shares go the zero, which is really the end of western civilization, and I lose $3.73 per share. Looking for a minimum 50% in a month or less
Pek, it is money on the line man! 15-min signals are nice, after the fact. At the heat of the moment, where money is on the line, it is hard for most to act calmly. It is all money management ...
Are you serious? In case you are, or others may not be aware, there is a relatively simple arbitrage relationship between ES and the cash SPX. It is a function of just interest rates and dividends. The simple way to look at it is that you could buy all the stocks in the SPX in the correct numbers to mimic the index but that would cost you the interest you would earn by not investing, and on the plus side you would receive dividends. As apposed to the ES which has a much smaller cash requirement but you donât get the dividends. Therefore the fair value of ES to SPX is interest minus dividends which is all explained here http://www.indexarb.com/fairValueDecomposition.html With interest rates so low the dividends outweigh them and we are in a period of negative fair value. These calculations are just simple mathematics, there is no information gained bullish or bearish from these numbers.