S&P 500 weekly competition for 2012

S&P sitting between June and August resistance. Above the June resistance it's pretty smooth sailing for a while. Something like 1394 (June 2008). February's support is at 1328. This is where I think we will end the week.

Don
 

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I have not looked at the SPX for quite some time!:eek:
But a quick glance looks like the market will stay in this up-trend-looking-thing for the rest of the month. Then head down for a larger retracement some time around the first weekend in March. (I know the SPX does not trade on the weekend!:rolleyes:)
But that was just a three minute look so you may want to take that with a couple rocks of salt.:cheesy:

I might just drop by this weekend and join in.
 
hwsteele said:
I have not looked at the SPX for quite some time!:eek:
But a quick glance looks like the market will stay in this up-trend-looking-thing for the rest of the month. Then head down for a larger retracement some time around the first weekend in March. (I know the SPX does not trade on the weekend!:rolleyes:)
But that was just a three minute look so you may want to take that with a couple rocks of salt.:cheesy:

I might just drop by this weekend and join in.
Click to expand...

Hey!
Where the hell ya been??
Nice to see you back.

Peter
 
hwsteele said:
I have not looked at the SPX for quite some time!:eek:
But a quick glance looks like the market will stay in this up-trend-looking-thing for the rest of the month. Then head down for a larger retracement some time around the first weekend in March. (I know the SPX does not trade on the weekend!:rolleyes:)
But that was just a three minute look so you may want to take that with a couple rocks of salt.:cheesy:

I might just drop by this weekend and join in.
Click to expand...

That's where I am too although I wouldn't have pinned the turn quite that precisely. ;)
 
hwsteele said:
Like I said that was a three minute look over the daily chart after not looking at for some months. Only time will tell. :)
Click to expand...

The whole area we're both looking at is a massive area of institutional supply. What intrigues me though is how far down it would likely go - I can't seem to form a view on that.

As always, this is complete conjecture. :whistling
 
robster970 said:
The whole area we're both looking at is a massive area of institutional supply. What intrigues me though is how far down it would likely go - I can't seem to form a view on that.

As always, this is complete conjecture. :whistling
Click to expand...


I do believe that the half way point between 670 and 1350, or right at 1000 or so, would be the longer term target. With medium term targets being about every 115 points or so. and shorter term stuff in multiples of 60-65.

As for me this is but a guess also!:clover:
 
1:30pm USD Building Permits
1:30pm USD PPI m/m
1:30pm USD Unemployment Claims


Watch out for 1.30 figs - could shift markets considerably if there are shocks !!
 
17/2/2012 Result - S&P500 Close 1361.23

My god what a finish.

Close for this week is 1361.23, so bodavula (1362) beats isatrader into second place (1360.00) with dpinpon in third (1362.50). That has to be one of the closest finishes I've seen.

Well deserved win by bodavula - well done :cheesy::clap::clap:

Commiserations to isatrader & dpinpon for losing by such a slim margin - unlucky :eek::whistling

Full results and positions in googledoc below. isatrader remains top of the leaderboard overall

Link to full results and leaderboard
 
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Jesus, 4 people within 3 points of each other with margins of 0.77, 1.23 and 1.27 away from the close with me being miles away at 1.77pts!!

That was tighter than Rod Stewarts trousers.
 
robster970 said:
Jesus, 4 people within 3 points of each other with margins of 0.77, 1.23 and 1.27 away from the close with me being miles away at 1.77pts!!

That was tighter than Rod Stewarts trousers.
Click to expand...

I thought I had it in the bag at in the middle of the day as I thought the price action might fade a bit into the close. Oh well, am happy to get some more points on the board and am well past my average quarters performance now. Well done bodavula :shuriken:
 
isatrader said:
I thought I had it in the bag at in the middle of the day as I thought the price action might fade a bit into the close. Oh well, am happy to get some more points on the board and am well past my average quarters performance now. Well done bodavula :shuriken:
Click to expand...

Me too - at 8.30pm GMT I could see it pushing to 1363 and thought I was in with a podium at least!
 
Thank you guys! Really it was a thrill for me. I am watching from 3.30 pm and thinking that SPX will go down as Monday will be holiday for market and pro's will not go long. But still strong and I am wrong. You know this morning I bought a spread of 1260 - 1265 for $0.90 thinking the above will happen. Finally lost $1.26 for my spread. Though I am a winner for this week here!!!

Great work guys! We will keep it UP.
 
Nice remarks and nice board, Robster.

I was not paying attention to the S&P closing price due to be watching the shares Im in.
But, por un carajo, or should I say, darn golly, that ended up in a photo finish close.
Best of lucks and have a nice long weekend all :cool:
 
It looks like you folks have turned this into a science! Very close!:-0
I hope I am able to get some points in the next few weeks, but not sure if this has been how you guys have been playing.:)
 
Yep, damn close this one is. Congrats to the winners!

I thought I had it yesterday, but the market decided to inch higher and we got a tight race instead.

Good one! :)
 
hwsteele said:
It looks like you folks have turned this into a science! Very close!:-0
I hope I am able to get some points in the next few weeks, but not sure if this has been how you guys have been playing.:)
Click to expand...

I have never seen it this close but I have noticed it has got a bit more competitive. Or is that just me projecting :whistle:lol:
 
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