Monday, August 09, 2010

Emini Futures Trading / Carpe Diem

(QQQQ)(DIA)(SPY)(GLD)


Benaiah son of Jehoiada from Kabzeel was a vigorous man who accomplished a great deal. He once killed two lion cubs in Moab. Another time, on a snowy day, he climbed down into a pit and killed a lion. Another time he killed a formidable Egyptian. The Egyptian was armed with a spear and Benaiah went against him with nothing but a walking stick; he seized the spear from his grip and killed him with his own spear. 
2 Samuel 23 20-21 The Message

Make the most of every opportunity.
Colossians 4:5 

The word translated opportunity in Colossians 4:5 is the Greek word kairos. It refers to a serendipitous window of opportunity. The English word opportunity comes from the Latin phrase ob portu. In the days before modern harbors, ships had to wait till flood tide to make it into port. The Latin phrase “ob portu” referred to that moment in time when the tide would turn. The captain and crew would wait for that one moment, and they knew that if they missed it, they would have to wait for another tide to come in. (Listen Now)



Goldman Sachs - Mere mortals after all?



In Q1, Goldman Sachs made headlines after it confirmed that it didn't lose money on a single day of trading in the quarter.

This time? According to this breakdown from its just-released 10-Q, it actually lost money trading 10 whole days, and on three days it lost over $100 million. Of course, it had over 17 days with more than $100 million in gains, so they'll take it. (read more)

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S&P 500 Emini Futures / ES
1163/1164
1140/1141
1129/1130
1116/1117
1106/1107
1093/1094
1070/1071

Dow Emini Futures / YM
11,016
10,804
10,711
10,592
10,499
10,380
10,168


Pray Hard & Trade Safe!
CT

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