Wednesday, 14 December 2011

S&P 500 spx Index targets for YE 2011

The S&P 500 is a stock market index containing the stocks of 500 American Large-Cap corporations. The index is owned and maintained by Standard & Poor's, a division of McGraw-Hill. All of the stocks in the index trade on the two largest US stock markets, the New York Stock Exchange and Nasdaq. The Dow Jones Industrial Average and the S&P 500 are the most widely watched indexes of large-cap US stocks. The S&P 500 is often quoted using the symbol SPX or INX, and may be prefixed with a caret (^) or with a dollar sign ($).


Target for year end is 1302-1308.  This is based on cam levels, which you can read about on our ealier posts.

Monday, 21 November 2011

Black Friday - The day after Thanksgiving Day

What Does Black Friday Mean?
1. A day of stock market catastrophe. Originally, September 24, 1869, was deemed Black Friday. The crash was sparked by gold speculators, including Jay Gould and James Fist, who attempted to corner the gold market. The attempt failed and the gold market collapsed, causing the stock market to plummet.

2. The day after Thanksgiving in the United States. Retailers generally see an upward spike in sales and consider this to be the start of the holiday shopping season. It's common for retailers to offer special promotions and to open early to draw in customers.

Read more: http://www.investopedia.com/terms/b/blackfriday.asp#ixzz1eLFrI25j





Interesting to note that with respect to Thanksgiving Day week where the S&P 500 was up month-to-date on close of Friday prior to Thanksgiving
  • the S&P 500 showed a positive weekly performance on 27 out of the last 37 occurrences (or 72.97% of the time) ;
  • did not post a single lower close below option expiration’s close on 15 out of the last 37 occurrences ; and finally
  • posted a weekly loss greater than -1.0% on only 3 occurrences (max. loss -1.56%), but a weekly gain greater than +1.0% on 18 occurrences.
From a statistical and historical point of view, there is a good chance (and a significantly above-average expectancy as well) that the market will probably continue its up-move during Thanksgiving Day week.

Wednesday, 2 November 2011

Trading FTSE & SPX 500 CAM LEVELS

Trading CAM levels really is simple.  You just need to have patience and wait for the signals.  The best are the breakout long/short moves - these generally set the trend for the trading session ahead.


If the H3 (Short) level is hit, the idea is that you go SHORT (against the previous trend) in the expectation that the market is about to reverse, with a stoploss point somewhere between the H3 and H4 levels (if it his H4 (Breakout), chances are it's going to breakout upwards, so you want your stop to be before that!).


The opposite is true for L3 (Long).  These levels are great and have a history of success as long as you have patience to wait for them...   Below are today's ftse and spx levels.


Good luck trading.

SPX 500 - US 500
^GSPC     1 Nov 2011     End of Day Data
OpenHighLowClose
1,251.001,251.001,215.421,218.28

^GSPC     1 Nov 2011    Pivot Points, Fib Pivots and Camarilla
R31,276.63Fib R31,263.46Brk Out Long1,237.85
R21,263.81Fib R21,250.29Short1,228.06
R11,241.05Fib R11,241.75HL21,224.80
Pivot1,228.23Pivot1,228.23HL11,221.54
S11,205.47Fib S11,214.71LL11,215.02
S21,192.65Fib S21,206.17LL21,211.76
S31,169.89Fib S31,193.01Long1,208.50
Brk Out Short1,198.71

FTSE - UK 100
^FTSE     1 Nov 2011     End of Day Data
OpenHighLowClose
5,544.205,544.205,338.405,421.60

^FTSE     1 Nov 2011    Pivot Points, Fib Pivots and Camarilla
R35,736.87Fib R35,638.48Brk Out Long5,534.79
R25,640.53Fib R25,562.33Short5,478.20
R15,531.07Fib R15,512.94HL25,459.33
Pivot5,434.73Pivot5,434.73HL15,440.47
S15,325.27Fib S15,356.53LL15,402.74
S25,228.93Fib S25,307.14LL25,383.87
S35,119.47Fib S35,230.99Long5,365.01
Brk Out Short5,308.41

Wednesday, 26 October 2011

EU Economic Summit – 26 Oct 2011

EU Economic Summit is going all day. And it is most important event for today. Germany’s parliament is being called on to get behind Chancellor Angela Merkel before she attends today’s critical European summit in Brussels.

Merkel wants the Bundestag to agree to boost the euro zone’s 440-billion-euro European Financial Stability Fund without pouring more taxpayers’ money into it.
A strong showing vote will give her a mandate to negotiate a deal with other leaders aimed at delivering a range of measures to stop the debt crisis from spiralling.
CDU parliamentary floor leader, Volker Kauder said:
“It would be very nice if a large majority in the German Bundestag could give support to the German government for the negotiations taking place in Brussels.”
In general her EU colleagues are looking for agreement on:
The banks taking bigger losses on the money they have loaned to Greece.
A top-up to those banks’ reserves with the help of the public sector.
A beefing up of the EFSF bailout fund and getting the Italian economy back on track.
But at the end of the day will the gathering live up to its title as the summit that rescued the euro?
If we have positive outcome from today's meeting we will for sure see stocks rally and break out long.  If however there is negative news, get ready for new lows.  Keep note of the break out long and short figures below.

FTSE     25 Oct 2011    Pivot Points, Fib Pivots and Camarilla
R35,686.50Fib R35,629.21Brk Out Long5,585.23
R25,630.30Fib R25,589.03Short5,555.37
R15,577.90Fib R15,562.97HL25,545.41
Pivot5,521.70Pivot5,521.70HL15,535.46
S15,469.30Fib S15,480.43LL15,515.55
S25,413.10Fib S25,454.37LL25,505.59
S35,360.70Fib S35,414.19Long5,495.64
    Brk Out Short5,465.77
SPC     25 Oct 2011    Pivot Points, Fib Pivots and Camarilla
R31,273.96Fib R31,263.80Brk Out Long1,244.12
R21,264.08Fib R21,253.66Short1,236.59
R11,246.56Fib R11,247.09HL21,234.07
Pivot1,236.68Pivot1,236.68HL11,231.56
S11,219.16Fib S11,226.26LL11,226.54
S21,209.28Fib S21,219.69LL21,224.03
S31,191.76Fib S31,209.55Long1,221.52
    Brk Out Short1,213.98


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