Bonds rally 5 points so far, Dow And S&P headed for those 10% correction

Money flow looks to be going 1) to bonds 2) to grains 3)downside to the stock indexes. Remember, I’ve been talking about the 10% correction: that’s 15,550 in the Dow futures, that’s just 450 points away. Then we have 1812 , which is just 26 handles away from current levels. as of this writing. Dow futures low is 16002, S&P low is 1835. We seem destined for the 10% correction, probably before lunch. CER

Delays, Rallies and No Guarantees – Traders Exclusive – Chris Robinson talks about how there are some good opportunities in grains and livestock. The grains had a good rally and there has been a delay in the harvest. In cattle last Thursday there was key r

Delays, Rallies and No Guarantees – Traders Exclusive – Chris Robinson talks about how there are some good opportunities in grains and livestock. The grains had a good rally and there has been a delay in the harvest. In cattle last Thursday there was key r

7-1/2 % Correction for S&P/ 6% for the Dow

Quick 347PM update. 7 1/2 percent pull back in the Dec S&P on the low at 1864. We are back to the May lows. 150 handles from the record high last month at 2014. 10% takes us to 1813. FYI 6% pullback for the Dow futures.Today’s low? 16221 which is 1,058 points removed from its record high 4 weeks ago. 15,551 is a 10% correction. The August low was 16143. We’ll see how the market trades to night. 10% is looking more and more like its in the cards. QE is ending. There seems to be a collective worry now that we are about to […]

Dow Sell off totals 945 points or 5 1/2 %; S&P corrects 6.6% from the Sept Record Highs with a 134 point swoon

For the Dow, we have a 5 1/2 percent correction from the record high posted one month ago at 17,279. Note the 8-month trend line again I have highlighted. That intersection point today is 16564. That level offers a decision point for both bears and bulls. Is there another 4 1/2 percent to the down side? If you think so, the only way to play it is to sell rallies, or buy the 15,500 puts. The S&P futures took out the August low by 2 points, and then buonced. That low […]

Stock Indexes Give it all back in volatile markets

Volatile markets generally are signs of tops. Swinging 3 to 4% a day is difficult to catch, and can lead to a lot of whipsawing ans second guessing. If you are day trading the S&P or Dow, you must lower your bet size and raise your stops. The S&P has support at 1918 and the Dow has support at 15,582. Buy it against those pivots, but be ready run fast if it rolls over. As for the Grains: I’d be a seller of rallies in front of the USDA tomorrow at 11.00. Some week one options are the cheapest way to play the market either […]

Does a 4% correction from the recent high justify calling the Suicide Hotline?

The newest sport seems to be bear hunting the stock indexes. The S&P Futures already blew through the 62% retracement and then some last week. today’s low at 1918 gives us a double bottom there. since its only 10:17 its anyone’s guess if that holds. If it fails the next support on the charts is 1915, then 19.00 Moving over the the Dow. Today we got the 62% RT of the 1100 point rally which began in August. for now its a 4% correction off the highs in the Dow and approaching a 5% correction. Sentiment seems bound and determined to lean on this market. […]

Dow sell off looks to challenge last Thursday’s low at 16589

This is the most volatility I’ve seen in the Stock Index futures for a long while. And I know of what I speak. Back in the late 1990’s we had regular 200 to 300 point trading ranges in the day session. We would explore that trading range sometimes 2 or 3 times in a day. To see a few sessions now of 200 plus trading ranges, we may be moving, finally into a topping cycle in the Dow. I emphasize MAY. We got our triple in the S&P, but not quite a triple in the Dow. That target remains 19500. But maybe 17,280 is as […]

High Yields and Big Crops? – Traders Exclusive – Chris Robinson talks about Friday’s USDA report. The private forecasters last week came out with some high yields and big crops. This Friday is opportunity day.

High Yields and Big Crops? – Traders Exclusive – Chris Robinson talks about Friday’s USDA report. The private forecasters last week came out with some high yields and big crops. This Friday is opportunity day.