DeWayne Reeves'  Instablog

DeWayne Reeves
Send Message
DeWayne Reeves is the founder of CFRN and host of a popular radio program heard daily in over 20 countries. A former equities trader, he has focused primarily on the S&P 500 Emini Futures Market for the past 5 years. His insights and trading methodology are a blend of traditional technical... More
My company:
CFRN - Christian Financial Radio Network
My blog:
Christian Financial Radio Network
  • Learn Emini Futures Trading | Live Emini Trading Room 0 comments
    Mar 15, 2012 2:54 AM | about stocks: QQQ, SPY, DIA, SLV, GLD

    The S&P500 Emini Futures have spent the last 32 hours without touching a Weekly Trading Zone. We are in the upper area of a 20 point range and the bulls are running like it's Spring in Pamplona. If you're going to run with them, just make sure you don't trip over the Vix. Tomorrow night I hope to cover as time permits, some information on both the VIX and the VXN as provided by our Co-host Mike Reed of TradeStalker and our good friend Garrett Jones.

    S&P500 Emini Futures

    I know it doesn't feel like it, but you and I have just spent the last 3 years in one of the greatest bull runs in history. Really?

    On March 9, 2009, the S&P 500 Cash Index closed at a 12-year low of 676.53, marking the bottom of the worst bear market since the Great Depression. The intra-day low as we well remember was 666. No, I'm not making that up. In fact, that's part of what made it all seem so ominous. The end is here, the sky is falling, life as we know it is over. Housing crashed, the war didn't go well (any of them), banks collapsed, Greece defaulted, need I go on?

    Three years later the economy is improving, corporate profits are booming, and the S&P 500 has almost doubled. So where's the love? Are we mad because we missed it? (that's the empirical we) I think we just have a hard time believing it actually happened at all. Yet it really did...

    In fact not only has the market doubled in 3 years, it did so climbing a wall of worry and from where I sit it looks more worrisome than ever. The S&P 500 traded at 14.1 times earnings on March 1. That's the lowest valuation of any 52-week market high going back to 1989. Trading volumes are down, and investors are pulling money from mutual funds that invest in U.S. stocks. Trading on the New York Stock Exchange has declined to the lowest level since 1999. Investors pulled more money from mutual funds that buy U.S. stocks than they deposited for a fifth straight year in 2011.

    Will China have a hard landing? Will the US double dip? Will Europe disintegrate?

    S&P500 (NYSE:ES) Futures 03/14/12

    I don't know. I do however firmly believe that by close of business tomorrow the S&P500 Emini Futures will touch 1377 or 1396. That's as far as I can see for now and when I put my ear to the ground all I hear are hoofbeats....

    Want to Learn Emini Futures Trading?

    Connect with us:

    Follow us on Twitter!Twitter
    Follow us on Facebook!Facebook
    Read the MailChimp blogBlog
    Learn MailChimp on iTunesiTunes

    Please leave a review on iTunes

    5 Day Free Trial
    Live Emini Trading Room - Platform / Data / Indicators / Training

    Emini Podcast for Wednesday 03/14/12

    Stocks: QQQ, SPY, DIA, SLV, GLD
Back To DeWayne Reeves' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • This week in the #ES #Euro #Crude #Bonds and our Sunday Night Q&A Session http://bit.ly/1zEynlc
    May 2, 2015
  • Free Trade Hot 'N Ready - now being served http://bit.ly/1E7wXze ... #SP500 #ES #Emini #Futures Grab a 5 Day Free Trial too!
    Feb 18, 2015
  • Early results are in for last night's Concierge Trade Alert Service http://bit.ly/1yDm9GR ... #SP500 #Gold #Crude #Russell #Dow
    Jan 19, 2015
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.