Thursday, July 22, 2010

Emini Futures Trading / they huffed and they puffed to get back to last Friday


“Let us then approach the throne of grace with confidence, so that we may receive mercy and find grace to help us in our time of need.”
Hebrews 4:16

“This is the confidence we have in approaching God: that if we ask anything according to his will, he hears us. And if we know that he hears us—whatever we ask—we know that we have what we asked of him.”
I John 5:14-15

There are many different ways you can approach God. You could be fearful, apathetic, humble, arrogant, with faith or without it, confused or assured, angry or in worship. You can also come to God with full assurance and confidence that He loves you and will... 


Oil firms team up on spill response system. Exxon Mobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A) and Conoco Phillips (COP) announced they will form a joint venture to design, build and operate a rapid-response system to capture and contain catastrophic deepwater spills, in a bid to regain public confidence in the oil industry. The companies will evenly split an initial $1B investment in the non-profit JV, and the system will be able to handle a spill of up to 100,000 barrels of oil per day flowing 10,000 feet below the surface of the sea; in comparison, the spill from BP's (BP) Gulf well was leaking 60,000 barrels per day at a depth of 5,000 feet below the surface. BP wasn't asked to join the JV, said Exxon CEO Rex Tillerson, because "we don't want to distract them at all."  

States jump onboard Google probe. Connecticut's attorney general said 37 states have joined his investigation of Google (GOOG) and that he's still seeking information about whether privacy laws were broken when Google's Street View collected the personal data of unsuspecting internet users. Google faces a Friday deadline to respond to information requests, including whether it sold or used any of the information it collected.

Weekly Trading Zones / Daily Results they huffed and they puffed to get back to last Friday. Almost. Last Thursday the S&P Emini Futures closed the day session @ 1090.50. Five (5) trading days later we close @ 1087.75. 

Perhaps an Asian rally and can get us back to break even.
(did I say that out loud?)

The big question now is can the market close the week above the 50 Period Moving Average on the Weekly Chart?

Here's one more look at Leftovers. ES & YM. 

Pray Hard & Trade Safe!

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