It is intresting to note that in the US the average citizen is not the beneficiary to these huge deficits. Corporations are the beneficiary. High risk takers are the beneficiary, banking and finance are the beneficiary. When is the US public going to become a beneficiary to this run away deficit spending. At least we would feel a little better.
Glen Beck explains the AIG bonus structure and the flow of money.
S&P 500 emini futures day trading THE GAP
- S&P 500 Emini day trading Gap Friday May 1, 2009
S&P 500 emini futures opened Thursday at 880.75 which created an 11.6 point gap up from Wednesday’ s close of 869.25. The market continued to climb to the day’s high of 885.75 until 12 noon market time, when a rapid decline took place which erased the mornings gains and closed the gap. The trading remained within an approximate 10 point trading range from 1:30 until market close. The market closed at 869.75, just .50 higher than previous day’s close. Volume for the day was slightly above average. Wednesday morning’s 9 point opening gap up remains unfilled.
S&P 500 day trading, learn how to trade the futures market
Opened today @ 879.50 after yesterdays 868.00 close, leaving us with a nice 11 1/2 point gap to fill. Being thursday gave us a nice indicator to watch for a change in direction. After open we kept with our 2 day up trend peaking @ 887.00 this morning before breaking through support @ 879.25 early this afternoon giving us our change in direction and filling the gap shortly after 1′oclock. Point of control today being 875.00, with an intraday low of 864.50. Nice little sell off just before close today (I wish I was in on!) closing out at 869.00. Let’s see what tonight brings and be ready to make some money in the morning.