Weekly forecast for S&P 500 cash 2011

[dpinpon]

Ive been quiet wrong for the last past two weeks, bearish sentiment still hang over Ill go with 1137.

 

[Pat494]

average = 1155
wt av = 1153

up = 4
down = 8

highest = 1200
lowest = 1128

:clover:

 

[VielGeld]

Bearish sentiment? What bearish sentiment?

'Course, still early in the week, but it's a real nice bounce.

 

[robster970]

I was short going into the weekend from Friday's high, thinking the sell-off towards the EoD was just another sign of continued bearish sentiment. 1.5m contracts for half day trading seemed ok to me volume wise.

Was stopped out at 23.10pm yesterday night LOL.

It's going up on little volume right now so can only assume that it's a search for liquidity at higher levels before selling off again.

3.5% up from Friday's close on 700k contracts traded today so far - I smell a rat.

 

[Pat494]

see below

 

[Pat494]

For Week Ending Friday 2nd December at 1244.3

Name...........Call.........Points.......Direction .....Podium ...…Total
wackypete2.....1188.......11.............. 1. .. .. ............2...........14
Gaffs1964.......1200.........9................ .1 ... . ..........3............13
Pat494……….....1135….....13.......…........0………. .. .......0……....….13
Atilla...............1164.........10.............. 1... ..............0............11
dpinpon..........1137...........9............... 0 ... ............0.......,......9
Wt av.............1153............9................ .0.. ... . ........0............9
DonStar..........1133............8....... ..........0 . ........ .....0............8
robster970......1130............8................ .0 .. . ............0............8
LuKOs.ro........0000.............6................ ..0 . .... ..........0...........6
Av..................1155..............6.............. ....0. ................0...........6
Isatrader........1140..............5.............. . ..0 . ..............0............5
dc2000...........0000..............3................ . 0.. ... ...........0............3
VielGeld.........1180.............1................ . .1..................1............3
bodavula........1128.............0................. ..0..................0............0


Gaffs won this week and Peter is now top overall - good analysing guys

 

[Atilla]

1288 - for me please Pat.

There are some big European battles to be fought and the Battle of Worringen 1288 comes to mind... What will the Germans do? That is the BIG question?

French likely to play second fiddle. Will that suit their national identity?

Cusp of a new era...

 

[Pat494]

Business seems ok generally. Maybe it's just daft politicians that are unable to manage their country's economies, is the problem.

Up for me but slowing 1261

 

[Gaffs1964]

1200 again for me please Pat

 

[isatrader]

Hard one to call as price is butting up against major trendline again, so it could spring above it or pullback down again. Tricky tricky

1250 please

 

[Pat494]

U.S. jobless rate drops to 8.6 pct

* ECB gearing up to lend money to IMF (Berlin: MXG1.BE - news) -report

* Research in Motion to take charge on tablet woes

* Futures up: S&P 14.1 pts, Dow (NYSE: DPD - news) 112 pts, Nasdaq (Nasdaq: ^NDX - news) 24.75 pts


NEW YORK (Frankfurt: A0DKRK - news) , Dec 2 (Reuters) - Wall Street stocks were set for a higher open on Friday after data showed the U.S. jobless rate dropped to a 2-1/2 year low and as policymakers again appeared to move a step closer to tackling Europe (Chicago Options: ^REURUSD - news) 's debt crisis.

U.S. employment growth picked up speed in November (Stuttgart: A0Z24E - news) and the jobless rate dropped to 8.6 percent from 9 percent, further evidence an economic recovery was gaining momentum. For details, see [ID:nOAT004918] and [ID:nN1E7B01M9]

"The U.S. has clearly turned a corner," said Eric Lascelles, chief economist at RBC Global Asset Management in Toronto.

"It's still not consistent with ebullient economic growth, it's far more consistent with sluggish to moderate growth, but even that is very welcome in the context of a global economy that's really suffering right now."

S&P 500 (SNP: ^GSPC - news) futures rose 14.1 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones (DJI: ^DJI - news) industrial average futures jumped 112 points, and Nasdaq 100 futures added 24.75 points.

Stock futures also got a boost after Bloomberg cited sources as saying the European Central Bank was gearing up to lend as much as 200 billion euros ($270 billion) to the International Monetary Fund in a bid to ease the debt crisis.

German Chancellor Angela Merkel reiterated her strong support for the euro, and called for rapid European Union treaty change to remedy the root causes of the euro zone's debt crisis but warned that Europeans faced a long, hard "marathon" to restore lost credibility. [ID:nL5E7N218Y]

European stocks rose 1.3 percent on Friday and were set to post their biggest weekly gains since the onset of the financial crisis in late 2008.

U.S.-listed shares of Research in Motion Ltd plunged 7.5 percent to $17.19 in premarket trade after the BlackBerry maker said it will record a pretax charge to write down the value of its poorly received PlayBook tablet computer. [ID:nN1E7B1047]

Google Inc (NasdaqGS: GOOG - news) is pondering an Internet service to help consumers shop online, hoping to cut the loss of Web traffic to Amazon.com Inc , the Wall Street Journal reported. [ID:nN1E7B01TD]

Three leading U.S. senators are inquiring into drugmaker Pfizer Inc's efforts to limit the sale of generic versions of its Lipitor cholesterol drug, which lost U.S. patent protection this week. [ID:nSGE7B1001]

U.S. stocks drifted on Thursday after the previous day's massive gains. (Reporting by Angela Moon; editing by Jeffrey Benkoe)

 

[VielGeld]

Sweet, got third place!

For this week, I dunno, lol. Last week was a major surge, and RSI is showing slight overbought.

Hmm... Methinks it's going to dip a bit before going higher.

Ich nehme 1260, danke.

 

[wackypete2]

I think we take a breather as some traders take profits before going on holiday for the rest of the year. I'm calling 1215

Peter

 

[DonStar]

1223

 

[bodavula]

1290

 

[robster970]

1230

 

[dpinpon]

Got hammered, bad, 1285.

 

[Pat494]

average = 1250
wt av = 1243

up = 7
down = 5

highest = 1290
lowest =1200

Will robster roar into the lead this week ?
We shall see

 

[robster970]

lol - given my form so far, I think not my friend.

 

[Pat494]

It is getting congested near the top imho as we turn into the home strait.

A quick dash for the winning post at year's end.