April 25, 2010
The Broad Benchmark U.S. Index, the S&P 500 resumed its13-month rally by closing the week at a new 52 week high.
Friday, April 19th, witnessed the equity markets declined after the SEC charged Goldman Sachs with fraud.
However, this week market participants were focused on the 85 components of the S&P 500 that reported first [...]

The broad benchmark S&P 500 rallied to a new 52 Week High and close the session in an extreme bias the buy side.

The rally started in the overnight session with the S&P June futures trading up to the psychology 1200 price level. The price pulled back off the overnight Globex high trading down4 points to [...]

S&P June Futures has pulled back off the recently made high at 1194 and test Friday’s break-out point at 1188 during the pre-market session

The pull-back encountered responsive buying during the overnight session. Support held and price traded back to Monday’s settlement at 1192.

The negative overnight bias was attributed to disappointing quarterly results from Alcoa. The [...]

March 9, 2010

This week started off with the S&P breaking out above its previous 52 week high at 1177 and went on to continue its recovery rally ending this week’s session at a new high: 1193 in the S&P June futures: 1194 in the CASH Index.

Like everything in nature Markets change and evolve over time. [...]

Following two days of high volume density algorithmic price action at 1188, newly made 52 week high, S&P future traded below Tuesday’s settlement in the afterhours Globex session.

Selling pressure in the Globex session correlated with a rally in the dollar which extends its gains from the prior session, +.4% gain against a basket of competing [...]