The News is Not

by Larry Levin

Let's see: Higher oil prices, higher bond prices, a weak housing market, credit problems, a weak U.S. Dollar, possible bankruptcy rumor on Countrywide, and retailers reporting earning that are coming up short.

Is that enough bad news to keep this market moving lower? YOU BETCHA! Usually we see the market rally into a holiday like Thanksgiving. And we could even see a little short covering rally in the next day and a half.

But even if we do get a small rally, this market is under big pressure. This is bad news for people who are still long stocks and mutual funds. But it's great news for those people trading the stock index futures (like me and my students) because we can be short the market while it moves lower! I'll give thanks to that!!!

HAPPY THANKSGIVING!

THERE WILL BE NO NEWSLETTER ON FRIDAY!

Real Time Trading Signals*for

Trade Date: 11/20/07

E-Mini S&P Trades*
(before fees and commissions):

8:53 VA Sell 46.00 = -1.50 all

9:56 Ft bUY 53.25 = +.75, B/E

10:33 OTF Buy 50.50 = +.75, -1.25

11:08 VA Buy 35.25 = +.75, -1.50, -1.50

1:07 MD Buy 33.00 = -1.50 all

1:34 FT Sell 27.50 = +.75, +2.00, +.75

2:43 VA Buy 45.00 = +.75, - 1.50


E-Mini Russell Trades*
(before fees and commissions):

1) Sell @ 8:51am at 753.8 = -1.1 & -1.1

2) Buy @ 9:01am at 756.8 = +1.0 (1 lot)

3) Buy @ 9:21am at 756.1 = -1.0 (1 lot)

4) Buy @ 9:29am at 754.4 = +.5, +1.0, +2.3

5) Buy @ 9:42am at 755.6 = +3.4 (1 lot)

6) Buy @ 10:39am at 758.3 = +.5 & -1.1

7) Buy @ 1:05pm at 744.4 = +1.5 & -1.0

8) Buy @ 1:09pm at 742.2 = +2.0 & +1.5

9) Buy @ 1:13pm at 744.2 = -1.0 (1 lot)

10) Sell @ 1:32pm at 739.5 = +1.0 & -1.1

11) Sell @ 1:48pm at 742.4 = +.5, +.5, +1.0

12) Sell @ 2:25pm at 740.8 = -1.1 & -1.1

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