Trend Trading S&P 500 Index Options Bulls vs Bears August 2011 Crash & Massive Counter Rally

www.StockMarketFunding.com Trend Trading S&P 500 Index Options Bulls vs Bears August 2011 Crash & Massive Counter Rally. A rebound in equities pressured precious metals today. In turn, December gold settled lower by 1.8% at 51.50 per ounce for its first loss in five sessions. Futures have since extended their pullback in after-hours trade, notching fresh lows at 34.50. One theme at hand, the CME hiked margins again on the gold contract, but that news had little effect on futures in overnight action as prices climbed to a new all-time high at 17.60 per ounce. September silver shed 2.0% to close at .67 per ounce after they had rallied off their lows of .94. Silver prices had been probed the level in intraday trade. September crude oil settled higher by 3.4% at .72 per barrel. Crude spent most of the day rallying off of its low of .03. Buying accelerated into the close of pit trade, helped along by an extension of gains by the equity market. Crude set a session high of .90 per barrel along the way. The advance this session makes for crude oil’s first back-to-back bounce since the commodity started to slide from the 0 area. September natural gas finished 2.7% higher at .11 per MMBtu. This morning’s inventory data, which showed a smaller-than-expected build, helped futures hit a seven-session high of .14 per MMBtu before pulling back. DJ30 +497.01 NASDAQ +119.52 SP500 +58.48 NASDAQ Adv 2135/2.32 bln/459 NYSE Adv/Vol/Dec 2844/1.16 bln/254

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11 thoughts on “Trend Trading S&P 500 Index Options Bulls vs Bears August 2011 Crash & Massive Counter Rally

  1. we’ll see how much people want to own stocks going into the weekend close, SPX.X is still at the top end of the range, intraday pullback for now, we’ll update the indices for the weekly close either after the close or Sunday

  2. nice to see people looking to own stocks over the weekend…bodes well for the bull, we’ll see if there is any headline news over the weekend.

  3. I Was wrong about the dive but….my god what a rally!! I hope tomorrow for a flat day. if so, I`m getting my deep diving suit and jumping in because we are going to the bottom of the barrel.

  4. markets will remain volatile, you should get in the trading room for more details or give us a ring and we’ll be glad to help. UPRO $39.77 if you get down there, it all depends on futures markets ect when they’re stealing on the 3x because of the options premium time decay

  5. Hi Mario! Do you still see 1050 within range and in case… where do you see UPRO should be bought then?

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