Thursday, January 12, 2012

Evening Thread


Are you sure I'm seated next to this gentleman?

BahiaBaby: There must be some mistake ....

Flight Attendant: Ma'am, with the equipment change and flight cancellations and .... uh ... just hop over and enjoy the view.  You did get the window.

Afternoon Thread

Nothing but the best for our BahiaBaby

Have a safe flight.

Morning Thread


The bulls are pushing hard against the bears this morning. S&P futures are currently trading in a resistance zone from 1294-1296 (weekly R2-daily R2). Futures are trading at about a 4-5 point discount to SPX... so technically, we are right at 1300 SPX. 

Euro futures are catching a bid as well... up about the same percentage as the S&P's. 1.2800 is the first level of major resistance for the bulls to overcome. 

Oil's up and getting comfy above $100, Nat Gas is down and getting comfy under $3, Copper's up, Gold & Silver are up, and Treasury futures are down a bit. Tighten up your trading helmet and fasten your seatbelts... it should be an interesting day.