Transfer 11/12 for 11/15/04

imported post

retire rich wrote:
I don't know if you watch Bloomberg TV, but the last time I looked all the futures's indices were up....hope this stays true throughout the weekend and week. Don't be greedy don't be greedy (must telll my self).
I think the futures close on Friday at 4:00 PM ET. That could just be today's final gains. Was it up big like today's totals?
 
imported post

Tom, S&P still going to 1200 Plus... Do ou think it will hit 1300 by the end of January ?

:zz
 
imported post

lkatteng wrote:
Tom, S&P still going to 1200 Plus... Do ou think it will hit 1300 by the end of January ?
Based on chart theory, a head and shoulders breakout, the "first" target is about 1224. This was actually a reverse head and shoulder which is bullish. After that?? Not sure.

The good news for those who missed the breakout is that H&S breakouts tend to pullback to the breakout point ~ 1144 before resuming.

I wish it were really that easy to call, but I won't hold my breath.
 
imported post

Sorry, I went to bed didn't see your response. But I just checked Bloomberg and the S&P 500 futureis up 9.00 points.



Dow fut is 10.00

Nasdaq is 4.5
 
imported post

retire rich wrote:
Sorry, I went to bed didn't see your response. But I just checked Bloomberg and the S&P 500 futureis up 9.00 points.



Dow fut is 10.00

Nasdaq is 4.5
What does this mean? What are S&P futures? How is this a gauge for the "future" market action?
 
imported post

Show-me wrote:
What does this mean? What are S&P futures? How is this a gauge for the "future" market action?
In a very basic nutshell, futures are contracts where you "bet" on the direction of the market you hold the future contract on - in this case the S&P 500. I may be confusing them with options but I believe they work in a similar manner. You can buy them or sell them short (bet the market for the item will go down). You can buy contracts on many things like wheat, currencies, pork belliesetc.

A bread company maybuy somecontracts of wheat futures as protection against the price of wheat rising on them.If the price of wheat does go up, it hurts their profits but they would make money on the wheat futures. They cover themselves that way.

Futures trade day and night around the world (I thought they closed Friday evening until Sunday nigh but I could be wrong.) They have a specific target price and an expiration day when the contract must be closed at the market price of the item. So, for example if you had a November 1170 S&P 500 future contract, on the 3rd Friday of November your contract is worth whatever the price of the S&P 500 is over 1170. If it's 1180, your contract is worth $10 per "share". If the S&P 500 is 1160, your contract is worth $0.

When the S&P 500 futures are up or downafter hours, it is a strong indication of the direction the S&P 500 will take once the markets open.
 
imported post

Tom, what's the best or safest way for those now off the freight train to get back on without hurting there investment to much. Thanks.
 
imported post

vectorman wrote:
Tom, what's the best or safest way for those now off the freight train to get back on without hurting there investment to much. Thanks.
By off do you mean you are completely out of stocks? In that case I'd say watch how the S&P 500 reacts to those pullback target areas (1163, 1150, 1140). If it can't hold 1163, expect it to go down to 1150 etc. The 1140 area should be some strong support and I would definately get back in at that point..
 
imported post

Based on the continued upward push, we could be waiting awhile.

I was watching some mindless business shows this morning, and the talking heads were commenting on how some stocks are going up in spite of lackluster earnings. This is a stark contrast to the summer when good earnings reports were shrugged off and things continued downward. :shock:
 
Back
Top