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Futures charts May 13th
Be free to use the comment space as if this was an open thread and discuss anything you want. Charts are provided for up-to-date information purposes only and you are not obliged to focus your comments solely on them.
Indexes
Energy
Metals
Agricultural commodities
Bonds
Currencies
UPDATE: In addition to these charts i will also post a graphic data set which will round the day up. It a 1-day-relative-performance across the spectrum.
Charts provided by finviz.com. Charts update automatically every time you hit refresh button or open this article. Non-listed futures can be found here: http://finviz.com/futures_charts.ashx?t=ALL&p=m5. For e-minis visit http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500.html.
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you fuckin suck†
from every possible position
what happened?
wtf is wrong.
stop talking with the Internet and go to fucking sleep.
PS
i like how insane you are. want to hang out :)
did you know, that i am maid marion?
good answer
hurtin' tonite, methinks
missing an era gone "bye"
strong one, tho'
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7716530/EU-imposes-wage-cuts-on-Spanish-Protectorate-calls-for-budget-primacy-over-sovereign-parliaments.html
Spain imposing '1930s-era wage cuts' to the cheers of banksters everywhere. I'm sure the Spanish won't mind giving up a little thing like their economic sovereignty. It's not like they have any money left anyhow.
I'll go out on a limb here. Miss Cleo says: Get your party hats on for a EUR rally today/tonight, and hands in the air for a big ride back down next week when the Spanish citizens show Greece how it's done. Sovereignty, shmovereignty.
Read it all! Here are the fun bits:
"Spain has followed Ireland and Greece in imposing 1930s-era wage cuts to slash the budget deficit, complying with EU demands for further austerity...
Premier Jose Luis Zapatero told a stunned nation that public sector pay will be reduced by 5pc this year and frozen in 2011. "We must make an extraordinary effort," he said.
Pension rises will be shelved. The country’s €2,500 baby bonus will be cancelled. Aid to the regions will be slashed and infrastructure projects will be put on ice. Mr Zapatero’s own monthly pay will fall 15pc to €6,515...
Commission president Jose Barroso unveiled plans for EU control over national budgets, including an incendiary demand that Brussels should vet budgets before their first reading in Westminster, the Bundestag, and other parliaments. Current account deficits and credit growth will be monitored. Brussels can imposing sanctions on states that let booms run out of control. "We must get to the root of the problems," he said.
Such a plan would greatly improve the working of the EMU system, but it would also entail a drastic erosion of sovereignty. The intrusive surveillance is a wake-up call for states that have tended to view the euro as a free lunch.
Mr Zapatero - who long prided himself on being an "anthropological optimist" - plans to cut the deficit from 11.2pc to 6pc of GDP this year, with further cuts next year. The fresh move is to placate bond vigilantes and to calm German fears that eurozone discipline is breaking. He has already raised income taxes and lifted VAT from 16pc to 18pc.
US President Barack Obama played a key role behind the scenes...
"Just months ago the government said it would never cut wages, so this is a very humiliating U-turn. There will be protests, but we don’t know yet whether there will be a general strike," he said.
Spain’s UGT union federation warned of "social conflict" and vowed to inflict "maximum punishment" on the government. However, the nation as a whole has so far handled a property slump and a rise in unemployment to 20pc with stoicism, befitting the tradition of the Spanish-born Stoic philosopher Seneca.
(emphasis mine)
Great charts. Thanks Cheekman. People who eat real food and use real "stuff" should know how to read these charts. It takes brains to learn new things.
Updated DOW charts:
http://www.zerohedge.com/forum/latest-market-outlook-0
http://stockmarket618.wordpress.com
It was me that drove cocoa up. I'll be melting chocolate and injecting it shortly.
A Greek Tragedy in the Making
Mises Institute Read more: A Greek Tragedy in the Making - - Mises Institute http://mises.org/daily/4365#ixzz0nmSML9vyRocks
My thoughts exactly.
When it gets to be MSM knowledge that the US is stepping up for French banksters, no-one will need to organise any million-man march anywhere. Congress'll need the National Guard and the Marines to manage the crowds from Cali, Illinois, Michigan...all demanding THEIR bailout FIRST.
And the irony is...they'll be right. If the Fed is fine for handing out free fiat, then it kinda stands to reason that US citizens (both legal and illegal) and taxpayers should really come first.
Cool stuff Cheeky, thank you.
ZH just keeps getting better and better
Yep the sugar is in deep green but that's hardly a blip in the longer-term downtrend. Think globally about belt tightening and one of the first things people, all of us, cut down on is excessive consumption of treats and sweets. No great surprise, people also get healthier during finacial pullbacks. Maybe they save a ton of unnecessary co-pays. Also, the softs (sugar, cocoa, coffee, orange juice) can really hold a trend. Then along comes a little cold spell, or a heat wave, and pow! Away it runs in the other direction! Like catching a big fish...I love futures!! The leveraging will either make or break you. And fast.
Actually it does. We missed the Antarctic ozone hole for like seven years because the satellite data was auto-dumped; it was outside the preset acceptable parameters. So as long as someone is looking....
Cheeky, if you would be so kind in allowing me to drag you into a curreny question. Their has been an intimidating push to force China to float their currency. Which it seems the answer so far has been, Ahh, don't thing so. Any idea what the syndicate might have planned for China if they were to succumb? Oh, hope you finally got some rest yesterday, seems to be a lot going on. Almost like a controlled panic.
The Yuan will take care of itself with massive deflation when the Chinese bubble bursts. China is now officially in a recession given that the main index trades app 10% then it did 2 weeks ago. Here is the chart
Also, loans will have to be marked to app. 65-75 cents on the dollar and that spells deflation. But since the Chinese banks to not depend on international inter-bank lending mechanisms they can simply pretend all is fine, and the PBoC can simply mark-to-model their GDP growth as they did in the past 15 years. Also they can manipulate the dollar by dumping it on the open market, converse to yuan's and devalue it by not monetizing the debt which would also achieve their goal. Im not a trader, nor am i an economist or an analyst so take everything i say with a grain of salt, if for nothing else, then because of the lack of specialization. Also, property prices have fallen as much as 30% month-on-month and with the infusion of the excess credit in the market that spells carnage. Calculate into that the monthly inflation rate of 2.8% [last month data] and you see the game is OVAH for China. You know something is wrong when there is a deflation in the biggest bubble on the market while inflation reigns.
Wow. excellent information. Thanks so much.
I always figured we wouldn't really know China was broken until we saw the smoke rising from the cities on the satellite pics.
Which in turn makes me wonder, is anyone looking?
Chanos is. I dont know if that gives you any comfort or not, but he is looking with a goddamn microscope. His main fund strategy is short everything chinese that is related to property, construction and banking.
Cheeky's Corner.
Awesome. I never saw your glory days, but I'm glad you're back.
Thats great Cheeky, thanks a lot.
Great charts Cheeky B.
I live close to the 500,000 acres of Sugar cane planted down here in South Florida and a friend of mine owns a sugar cane/molasses trucking company (200 trucks). They are getting top dollar currently for sugar cane/molasses.
FYI- Molasses is trucked to the Port of Palm Beach loaded on ships and sent to the islands to be turned into "Island Rum". Things are never what they seem......like the market.
Been using FinViz for a while now. Their Forex and ETF pages are great.
Now then, want to see something really scary?
http://www.google.com/crisisresponse/oilspill/
ANybody else besides me think we can retest 1222 on the SPX by next week?
Harry might...but I wouldn't discount it either as you have been reading the play exceptionally well of late. Good luck, I have conceeded & will meet you at or near the bottom whenever that may be.
Thanks. I would take credit but it's pretty simple: be bullish at all times and the gov't will reward you handsomely.
My current thesis is that we retest (and fail) the double top highs near 1220 (also 61.8% retracement of the entire bear market) and then we plunge down to 1065. If we fail at 1065, we can go to 875 in a heart beat (or a fat finger). If we break through 1220 decisively, we then go to 1575 (yes, 1-5-7-5) to the 2007 highs. I'm leaning towards the 2007 highs.
Cyan, you might find this blog of interest as he too believes new highs are coming.
http://carlfutia.blogspot.com/
Thanks a lot - this is really great.
http://www.newscientist.com/article/dn18889-jupiter-loses-a-stripe.html
and where is ProjectMayhem????
i think i like you†
you need to jazz up your avatar, add some color, hell add some sex.
you had me at..............)(
No kidding PM was the bomb. Could use some of his wisdom and wit right now for sure.
Is it any surprise that soy bean meal is the worst performer in the one year chart? Have you ever tasted that shit?
It also pointed out that I'm very happy I've been eating all my stored oats this year rather than saving them. Good for my cholesteral and even better for my pocket book since oats are down pretty big as well.
Cheeky can we arrange for all ZH members to call the Goldman crystal ball at 9:15 to ask if the market is going up or down daily and make a youtube video to bring it to the attention of the American Idolites? Would make for some fine humor and curious what the responses would be
Response 1: "Wut dis" +9 votes
Response 2: "BNAKERS HAVE STOLEN THE ECONOMY. WATCH ALEX JONES ON INFOWARS . COM!!" +4 votes
Response 3: "I thought this was suposed to be a booty video" +11 votes
Thanks Cheeky, now I know where they get the term "futures point to a ------ open. Gives me something new to gaze at. By the way, what the hell is up with sugar?
hurricane season
basically they are betting it will hit Florida and fuck up the sugarcane harvest which falls in the same period as does the hurricane season. Oh and all the government subsidies to sugar producers.
A big hurricane season will erase any remains of the BP spill!
It's the ultimate beach cleaner. Valdez, Alaska did not enjoy that type of maid service.
Was hot as hell down there last week. 82 degrees at midnight. In early May? Has that 2004 feel...
I like this guy and have followed him for years - (a lot of folks hate him) - accuweather pro is available on a subscription basis and they offer a 30 day free trial - worth checking out if you like weather - he nailed this past winter to a tee
article
http://www.accuweather.com/blogs/news/story/25984/joe-bastardi-more-acti...
free trial
https://wwwl.accuweather.com/professional_signup.php
He was spot on in predicting a fucking freezing winter this year.
Stocked up on firewood on his prediction and thank god that i did.
Cheeky, this is great stuff and a real service to the Zhers. Bless you my boy!
I'm still stoked about the gold-to-live cattle chart you had yesterday. Two of my favorite things...but seriously, look at how crappy the volatility is on live hogs and lumber. If you want to trade that, just lie down til the feeling goes away.
CB great site that finviz is
check this out very interactive and very free, how nice
http://finviz.com/futures_performance.ashx?v=16
they also have a subscription service for real time but the free stuff compared to what some sites/contributors (snark) offer is outstanding
Oh thank you for that. Im updating the article with 1 day relative performance chart. Again, thank you so much, that data set really sums the day movements up.
that's a one year chart but check out gold relative to cotton who'd a guessed
really not weird at all. markets up=more money=more money to spend=new clothes and shit.
Very useful - all in one place.
Thanks.
On futures I am a naive. Zerohedge has been a great place to learn about many financial things. Ive played with covered calls that expire on the third friday of each month, so I get the concept of futures (I think).
What is the time frame on the options charts above?
Thanks for the pictures.
Futures are quite different from options. The only option you have at the end of the period is to take physical delivery of barrels of oil (or whatever) or to roll the contract to the next month (or close).
He said what time-frame they were in the post, I thought.
They are not pictures; those charts are are live and update on a 1-minute basis. As to your question; i have never bought a single futures contract in my life nor do i trade nearly as much as i did before [which wasnt much to begin with] so i would not really know how to answer your question. But someone will.
http://nowandfutures.com/inflation_long_term.html
Anyone else thinking cattle, wheat and corn are starting to look like "deals" here? I don't normally do value investing, but not much seems cheap right now.