MONDAY--STOCK futures UP!

Fishhead · Mar 21, 2005

<TABLE cellSpacing=0 cellPadding=2 width="100%" bgColor=white border=0 xmlns:msxsl="urn:schemas-microsoft-com:xslt" xmlns:js="http://cbs.markewatch.com/xsl"><TBODY><TR><TD width="100%" colSpan=2><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD vAlign=top><TABLE width="100%"><TBODY><TR><TD vAlign=top>By MarketWatch
Last Update: 6:23 AM ET March 21, 2005 </TD></TR></TBODY></TABLE></TD><TD style="PADDING-BOTTOM: 3px" vAlign=bottom align=left width=275></TD></TR></TBODY></TABLE></TD></TR><TR><TD width="100%">LONDON (MarketWatch) - U.S. stock futures were holding higher on Monday with the dollar notching gains and Internet stock valuations in focus after a report of an around $2 billion deal for search engine Ask Jeeves.

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Concorde · Mar 21, 2005

Fishhead said:
<TABLE cellSpacing=0 cellPadding=2 width="100%" bgColor=white border=0 xmlns:js="http://cbs.markewatch.com/xsl" xmlns:msxsl="urn:schemas-microsoft-com:xslt"><TBODY><TR><TD width="100%" colSpan=2><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD vAlign=top><TABLE width="100%"><TBODY><TR><TD vAlign=top>By MarketWatch

Last Update: 6:23 AM ET March 21, 2005
</TD></TR></TBODY></TABLE></TD><TD style="PADDING-BOTTOM: 3px" vAlign=bottom align=left width=275></TD></TR></TBODY></TABLE></TD></TR><TR><TD width="100%">LONDON (MarketWatch) - U.S. stock futures were holding higher on Monday with the dollar notching gains and Internet stock valuations in focus after a report of an around $2 billion deal for search engine Ask Jeeves.

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Does someone beleive that the dollar will rise or decrease again vs the EURO? I am very interesting on that because i wager in $ but i live with Euro so it is very bad when the USD goes down. Currently 1.34. Any idea?

Fishhead · Mar 21, 2005

DOWN 70 POINTS

SOYBEANS and CORN down also.

What a disaster!

SSI · Mar 21, 2005

hey fish, remember my corn/wheat spread that i told you about the other day. showing some good profits now.. Long July Corn/Short July Wheat (2 contracts), put on at a differnce of $1.36, i make $100 for every cent --- that the difference narrows, it is now trading at $1.28, so currently up about $800. not bad for less than a week... grains do not close for another 40 minutes, so ill update you tonight with a closing price...

no action for me on the emini, will look at charts again tonight..

Concorde · Mar 21, 2005

SSI said:
hey fish, remember my corn/wheat spread that i told you about the other day. showing some good profits now.. Long July Corn/Short July Wheat (2 contracts), put on at a differnce of $1.36, i make $100 for every cent --- that the difference narrows, it is now trading at $1.28, so currently up about $800. not bad for less than a week... grains do not close for another 40 minutes, so ill update you tonight with a closing price...

no action for me on the emini, will look at charts again tonight..

Any idea about the future of the USD against the EURO? Today closed at 1.32 but it seems that the USD cant make a decent steady run against the Euro. :mad:

Concorde

SSI · Mar 21, 2005

really no thought concorde, i try and stay in the grains and meats, as well as the emini..

TheGeneral+ · Mar 21, 2005

Speaking of beans and corn, I miss the days of planting the land I had the pleasure of experiencing. That was 10 years ago and it was getting very hard to earn good income then. It is to the point where farming is to expensive to start-up, but if you did have the money, it is not worth the money. Farming was fun and the lifestyle was great. It is a good life if your equip and land is paid for, but a bad year can really hurt no matter. Farming was fantastic.

SSI · Mar 21, 2005

fish, looks like that corn/wheat spread is going to settle around $1.28, so i am picking up 8 cents on it ($800)...

as for the emini, in my comments to you last week, i told you that i was a buyer around 1184.50 because support set just over 1180.. check today's low -- 1182.50,, would have been a good entry at 1184.50.. we then got a bounce and now lets see where we go... if i was long from 1184.50, id now place my stops at 1182.25 (just under that low of 1182.50).. the market is back to near 1190.. so we would be long from 1184.50 with stoplosses now in at 1182.25, so our risk is now only $112.50 and we can stay in and see where it takes us... at 1189.50 our profit is now $300... too bad i was sitting on my hands, i looked for this action last (thurs i believe).. nice to be correct on these moves however and i may have a good winner on that corn/wheat spread...