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On Wednesday, November 25, Investors Intelligence (Advisors's Sentiment, an aggregation of the forecasts of more than 100 newsletter writers) reported the percentage of 'bullish' newsletter writers at 50.6% and the percentage of 'bearish' newsletter
On Thursday's session European indices (and futures on US major market indices) tanked on Dubai news (the ES E-MINI S&P 500 was temporarily down -3.75%), but although US major market indices closed sharply lower on Friday's half trading day, the
On Monday's session we couldn't have asked for more: With Monday's intraday low +0.78% above Friday's intraday high, the ES E-MINI S&P 500 left the (expected) unfilled (opening) gap up and closed on a strong note +1.01% above Friday's high, but
This is a follow-up to my post TRADING THE ODDS on Monday – November 23, 2009 .
Thanksgiving (exchange holiday, with a shortened session on Friday, November 27) is celebrated on the fourth Thursday in November, this year on November 26.
I thought i
Although the ES E-MINI S&P 500 did not comply to the positive outlook (concerning the close) based on those setups which were triggered on Thursday's close (market internals like Calls and Puts traded on an uptick/downtick, and the percentage of
On Thursday's session market internals were heavily lopsided on the downside, but nevertheless the ES E-MINI S&P 500 managed to close in the upper half of it's daily trading range the fifth day in a row.
The ES E-MINI S&P 500 left an unfill
On Friday's session the ES E-MINI S&P 500 managed a small gain on the close, but did never seriously challenge Thursday's intraday high.
But there was some remarkable weakness beneath the surface: Despite the fact that almost all US major market