Daily trading advisory

[arturo1]

Daily Trading Advisory 12-october-2007

DAILY TRADING ADVISORY 12-October- 2007
ECONOMIC CALENDAR
8:30 AM Retail sales
8:30 AM Retail sales ex-auto
8:30 AM PPI
8:30 AM Core PPI
10:00 AM Business inventories
10:00 AM Mich sentiment-preliminary

A strong opening pushed the EMINI SP futures just to our resistance level at 1582.50-1584.00 printing a high at 1582.75, from here the contract backed off and tested the 1579.00 area rallying back and making new highs at 1583.50. Two nice set ups for those who follow our newsletter and trading mentorship.
A double bottom was bought and the index rallied to new all time highs reaching 1586.75 but without a confirmation of the NASDAQ. My intraday update quoted “the market is feeling a little toppy specially the NASDAQ (NQ) I will be selling with stops above the highs”, and God I was right.
The gap up was a classic way to end this kind of move up, and two days ago I marked that the exhaustive move in the NASDAQ should bring a correction.
When I referred yesterday to the DOW CASH, I wrote that only breaking above 14200 will bring more buyers in, and after reaching 14198, it completely collapsed falling 260 points from its highs.
All the indexes plunged as late longs could not find the exit, bringing the EMINI SP futures 30 points down to the 1556.25 area and the NQ (EMINI NASDAQ futures) 60 points from its high testing 2147.00. Some short covering was seen during the last hour, but all the indexes closed lower.
Yesterday move it’s only an early indication of a setback, and I still think that we can enter in some kind of consolidation and distribution pattern. I will need further confirmation in order to call that a top is in place, but closes above 1579.20 on the SP futures and 14200 on the DOW CASH are nothing but a bull trap.
For today’s session, we get the Retail sales and PPI before the open, and if the market does not start on a positive tone another sharp drop could be seen bringing the EMINI SP futures to test last week lows at 1545.50-1546.50 area, if that occurs, a good reflect rally could take place.
We have initial resistance at 1566.25-1567.00 on the EMINI SP futures and 2170.00-2172.00 on the EMINI NASDAQ futures, these areas will have to be broken up and hold on a first set back if yesterday sell off was nothing more that a counter trend day in a bull market, if this happens, the next test is at 1569.50 and 2178.00 respectively where pivots levels come in play. If those are cleared, the next hurdles will be 1576.00-1577.00 on the EMINI SP futures and 2187.00-2189.00 on the NQ and we have a strong day. Above this reaching 1582.50-1584.00 on the EMINI SP and 2198.00-2202.00 on the NASDAQ futures will mean that higher prices could be seen next week.
We have initial support at 1560.00-1559.00 on the EMINI SP futures and 2156.50-2154.00 on the EMINI NASDAQ futures, if those are broken, a test of yesterday’s lows will be seen in the 1556.00-1554.50 zone on the EMINI SP futures and 2148.00-2145.00 on the EMINI NASDAQ. If these areas do not invite buyers in, the imminent test of last week lows on the EMINI SP will be the next stage at 1546.00-1545.50 and closing the gap at 2124.00 on the EMINI NASDAQ futures will be a nice objective.

TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1582.50-1584.00 2198.00-2202.00
Resistance 2 1576.00-1577.00 2187.00-2189.00
Resistance 1 1566.25-1567.00 2170.00-2172.00
PIVOT 1569.50 2178.00
Support 1 1560.00-1559.00 2156.50-2154.00
Support 2 1556.00-1554.50 2148.00-2145.00
Support 3 1546.00-1545.50 2124.00-2121.00











S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1617.25 2282.25
1605.60 2256.18
1586.75 2214.00
1575.10 2187.93
1571.50 2171.82
1556.25 2145.75
1537.40 2103.57
1525.25 2077.50

 

[arturo1]

daily Trading advisory-Real Time

I have a very busy day and I won't be trading today.
The markets look ok.
I don't want to be short unless the EMINI SP trades bellow 1566.00
See you Monday, Have a nice weekend, and GOOD LUCK

 

[arturo1]

DAILY TRADING ADVISORY 15-October-2007

Dear Traders:
This is the last week that I will post my real time intraday updates and sell-buy signals, they are a key part of my Daily Trading Advisory, that as a courtesy to T2W member I have been offering for free, those interested in getting my EMINI REAL TIME TRADING SIGNALS, look for more information. Here we go with today's DAILY TRADING ADVISORY.

DAILY TRADING ADVISORY 15-October- 2007

ECONOMIC CALENDAR
8:30 AM NY Empire State Index

Weekly EMINI S&P pivots for week ending 19-october-2007

R3 1603.00
R2 1588.75
R1 1577.25
PP 1572.50
S1 1565.25
S2 1558.25
S3 1542.00

Buyout news on the tech sector, and a positive bunch of data, gave the markets the positive tone that we were looking for, to be on the buy side on Friday’s trading session.
A stronger than expected retail sales showed that the American consumer is still spending, no matter what is going on in the housing markets.
After Thursday turmoil, a flat opening spurs buyers to step in, and in a quiet session bring the markets higher closing above fair value. Nobody wanted to loose this “buying opportunity”, as SP futures rallied 5 points after the cash market shut down and closed above fair value.
A lot of institutional buying was seen all the way down on Thursday sell off as they position themselves for what could be another run to the highs. This week is full of economic data and we have the monthly options expiration, so I wouldn’t be surprise to see an increase in volatility.
The DOW CASH has been showing consolidation between 13950 and 14200, and a breakout will indicate future direction, but volume remains low suggesting lack of conviction.
The markets closed on an uptrend and everything is ok, if Friday’s lows can hold.
For today, if the markets open higher, look for early strength to develop during the first 20-30 minutes, and when the momentum cools dawn, take a short position with stops above the daily highs. This could be a good play but the first pullback should be bought.
Opposed to this, a lower opening not capable to reach settlement will be a bad sign on the charts, but testing Friday’s lows and holding is a bullish indication and offer the chance of at least a 10 points run to the upside.
We have initial resistance just above Friday’s settlement at 1575.50-1577.50 on the EMINI SP futures, this area is also the 61.8 Fibonacci retracement between Thursday’s lows and highs, initial resistance on the EMINI NASADAQ futures contract is at 2201.00-2203.25, if broken, a test of last week highs on the EMINI NASDAQ futures at 2208.50-2210.00, 1581.00-1582.50 on the EMINI SP futures should hold and attract sellers , please hold on longs at these levels if they are not broken firmly because failing to make new highs on the NASDAQ that has been leading the markets up, could bring another steep sell off. If those areas are cleared, 1585.50-1586.50 on the EMINI SP futures and 2218.00-2221.00 on the EMINI NASDAQ futures could be printed on the charts.
Initial support is at 1572.50-1571.00 on the EMINI SP futures and 2194.50-2192.00 on the EMINI NASDAQ futures, bellow these areas a test of Friday’s lows at 1567.00-1565.75 and 2182.00-2180.00 respectively “must” hold if the markets are in good shape. If these are broken and not reversed immediately things can be changing in the short term and a test of last week lows could be in the cards.
TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1585.50-1586.50 2218.00-2221.00
Resistance 2 1581.00-1582.50 2208.50-2210.00
Resistance 1 1575.50-1577.50 2201.00-2203.25
PIVOT 1569.50 2185.25
Support 1 1572.50-1571.00 2182.00-2180.00
Support 2 1567.00-1565.75 2168.00-2166.00
Support 3 1558.00-1556.50 2154.00-2151.00











S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1591.12 2243.50
1584.89 2226.88
1575.00 2200.00
1568.89 2183.38
1567.00 2178.25
1565.67 2173.12
1559.00 2156.50
1549.11 2129.63

 

[arturo1]

Daily Trading Advisory Intraday Update

I wrote;"a lower opening not capable to reach settlement will be a bad sign on the charts, and that whats happen, i have to live, but I dont want to be long the markets, a close bellow 13950 on the DOW CASH opens the door for a test of 13700
GOOD LUCK

 

[arturo1]

DAILY TRADING ADVISORY 16-October-2007

DAILY TRADING ADVISORY 16-October- 2007


ECONOMIC CALENDAR
9:15 AM Industrial production
9:15 AM Capacity utilization

Lousy corporate earnings, record oil prices and uncertainty about economic growth, pushed the markets down since the opening bell.
Yesterday I warned about Friday’s settlement above fair value and the possibility of “a lower opening not capable to reach settlement”. I have seen this situation many times in my trader’s career, late buyers that doesn’t want to loose the rally step in just to get trapped, and that is exactly what happened to those who bought Friday night.
The EMINI SP futures opened at 1573.25 and unable to trade settlement was sold since the beginning of the session. After breaking bellow support at 1571.00 the SP traded around our pivot where our EMINI REAL TIME TRADING subscribers, got a signal to go short with stops above 1571.50, NICE TRADE, we took profits on the low 60’s.
Two hours after the opening, the market was trading bellow 1567.00-1565.75; I mention yesterday that “1567.00-1565.75 and 2182.00-2180.00 respectively “must” hold if the markets are in good shape. If these are broken and not reversed immediately things can be changing in the short term and a test of last week lows could be in the cards”, the EMINI SP futures tested the 1550.00 level before bouncing back to close at 1560.25.`
For today, the market should offer good trades on both sides, a higher opening that reaches 1566.00-1567.00 on the EMINI SP futures and 2190.00-2192.00 on the NQ offer a great shorting opportunity, but don’t overstay with your shorts as yesterday trapped sellers will bid the indexes up. If these areas don’t restrain buyers, a test of 1571.00-1572.00 on the EMINI SP futures and 2199.00-2202.00 on the EMINI NASDAQ futures must do it, if those are passed through, 1575.50-1577.00 on the SP and 2210.00-2212.00 on the NQ will do it.
On the flip side of the coin, if the market opens lower, 1557.50 1556.00 on the EMINI SP futures and 2178.00-2176.00 on the EMINI NASDAQ futures offer feeble support, if busted, a test of yesterday lows, 1550.00-1548.50 on the EMINI SP futures and 2162.00-2160.00 on the NQ must hold, if broken and immediately reversed to the upside, it present a good trade on the long side. If these areas don’t hold, fear could bring the indexes to test 1542.00-1540.00 on the SP and 2150.50-2148.00 on the EMINI NASDAQ.
GOOD LUCK


TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1585.50-1586.50 2218.00-2221.00
Resistance 2 1581.00-1582.50 2208.50-2210.00
Resistance 1 1575.50-1577.50 2201.00-2203.25
PIVOT 1569.50 2182.25
Support 1 1557.50-1556.00 2178.00-2176.00
Support 2 1550.00-1548.50 2162.00-2160.00
Support 3 1542.00-1540.00 2150.50-2148.00







S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1591.12 2243.50
1584.89 2226.88
1576.00 2200.00
1566.07 2183.38
1563.00 2178.25
1559.93 2173.12
1550.00 2156.50
1533.93 2129.63

 

[arturo1]

Daily Trading Advisory 17-october-2007

DAILY TRADING ADVISORY 17-October- 2007

ECONOMIC CALENDAR

8:30 AM CPI
8:30 AM CPI core
8:30 AM Housing starts
8:30 AM Building permits
10:30 AM Crude inventories
2:00 PM Fed’s Beige book

Tuesday’s session opened lower and tested the previous lows at 1550.50, a weak rebound tried to reach the opening highs but the move was rejected and the EMINI SP futures broke the 1550.00 area; as soon as this happened, a huge flurry of selling came in and pushed the SP down another four points very quickly.
In an elaborated rebound the market pushed higher printing new highs at 1555.75 leaded by a strong NASDAQ that has been the inner force during the last two months. The SP futures failed to sustain itself above the 1550.00 area an one hour before the closing made new lows for the session at 1545.25 where a little bit of short covering force it back to 1551.00 just to be sold closing at 1548.25.
There has been a lack of buying during this sell off, and that makes me think that we can see lower prices during this week.
Yesterday lows are very important in all the indexes, 1546.00-1544.00 on the EMINI SP are very strong support, and if we get bellow this area, I wouldn’t be surprise to see a test of 1525.00 in the coming days; 2164.00-2162.00 in the EMINI NASDAQ futures are KEY support and if they fail to sustain the ultra bullish tone in this index the gap at 2124.00 could be fill; and to finish, continued weakness in the DOW JONES below 14200 is not a good sign, and if the DOW CASH won’t come back TODAY above 14000, we can be set for a test of 13700.
After yesterday’s close, earning reports are pushing up strongly all the markets, but CPI and housing starts that are released one hour before the opening bell could finish this yesterday’s late night optimism.
For today, beware of a reversal to the downside, once the initial move stalls but in what I expect to be a two side action say, the first pullback offers a good buying opportunity. Try to reduce exposure before the Beige Book release due at 2.00 PM.
We have initial resistance at 1556.00-1557.50 on the EMINI SP futures and 2195.00-2197.00 in the EMINI NASDAQ futures, if surpassed, closing yesterday’s gap at 1559.25 on the EMINI SP futures will be imminent, this is equivalent to the 2199.00-2202.00 area on the EMINI NASDAQ futures, if they go beyond this 1564.00-1565.00 on the EMINI SP futures and 2210.00-2212.00 on the NQ could be reached.
Initial support is at 1551.50-1550.00 on the EMINI SP futures and 2178.00-2176.00 on the EMINI NASDAQ, if we get here and hold I will go long with tight stops, if this cant hold a test of 1546.00-1544.00 on the EMINI SP futures and 2169.00-2167.00 on the EMINI NASDAQ futures should hold if the markets are OK, breaking bellow this areas could open the door to 1542.00-1539.50 on the EMINI SP futures and 2162.00 on the NQ.
GOOD LUCK
TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1564.00-1565.00 2210.00-2212.00
Resistance 2 1559.25-1560.50 2199.00-2202.00
Resistance 1 1556.00-1557.50 2195.00-2197.00
PIVOT 1551.50 2174.50
Support 1 1551.50-1550.00 2178.00-2176.00
Support 2 1546.00-1544.00 2169.00-2167.00
Support 3 1542.00-1539.50 2162.00-2160.00








.



S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1578.25 2210.50
1571.95 2201.14
1561.75 2186.00
1555.45 2176.64
1553.50 2173.75
1551.55 2170.86
1545.25 2161.50
1535.05 2146.36

 

[arturo1]

Daily Trading Advisory Updates

My initial resistance held nicely, but unless the SP trades bellow 1551.50 this is a buying oportunity

 

[arturo1]

Daily Trading Advisory 18-october-2007

DAILY TRADING ADVISORY 18-October- 2007

ECONOMIC CALENDAR

8:30 AM Initial claims
10:00 AM Leading indicators
12:00 AM Philadelphia Fed
The SP Futures opened up around 10 points as a result of corporate solid earnings. The big push to our 1559.25- 1560.50 resistance area where the EMINI SP futures printed a high during the opening at 1560.75 was immediately reversed. In an equal manner, the EMINI NASDAQ futures (NQ) tested its weekly resistance at 2202.00 where sellers came in.
After breaking support at 1556.00-1555.00 on the SP and 2195.00 on the NASDAQ futures, just after the release of the weekly oil inventories, all the indexes started a “down trend day”. The EMINI SP futures plummet to 1534.00 and the EMINI NASDAQ tested its key support at 2160.25.
The story with the DOW CASH is similar as yesterday rollercoaster move, drive the index in a 240 point range between the daily high and low. As I wrote yesterday “continued weakness in the DOW JONES below 14200 is not a good sign, and if the DOW CASH won’t come back TODAY above 14000, we can be set for a test of 13700”, we almost got there. The strong sell off was part of some asset allocation related to the bonds. Watch 13,950 for early signs of strength. Otherwise, we may see movement back toward 13,700.
Just after the Beige book was released, institutional buying pushed the indexes back in a rally that kept going into the close.
The markets are acting very “twitchy”, and after yesterdays wild range, an inside day with a downside bias can be expected as long as the first resistance areas are not broken to the upside. I will look closely the 1550.00 area on the SP futures and the 2189.00-2188.00 on the EMINI NASDAQ futures as a point of reference to figure market direction.
We have initial resistance just above yesterday’s highs at 1556.00-1557.00 on the EMINI SP futures and 2202.00-2204.00 on the EMINI NASDAQ futures, if the indexes open around these levels and don’t trade higher, look to enter a short trade that can lead for a test of the 1546.00-1544.00 on the EMINI SP futures and 2189.00-2188.00 on the NQ. If initial resistance gets smashed, then the markets should be able to reach the 1561.00-1562.00 area on the EMINI SP futures and 2210.00-2212.00 on the NQ, if the move doesn’t stall here, a run to 1568.00-1569.00 on the SP and 2221.00-2223.00 could be seen before getting back in troubles.
Initial support is at 1551.00-1549.25 on the EMINI SP futures and 2189.00-2188.00 on the EMINI NASDAQ futures, if the market slides bellow this area, even if the NASDAQ futures are acting strong, the EMINI SP futures will get to the 1545.00-1544.00 ,if this happens and the NASDAQ keeps holding, a nice long trade can be enter. If these levels can not hold the selling pressure, 1540.00-1538.50 on the EMINI SP futures and 2170.00-2168.00 must hold or the trend could be changing. Trading bellow yesterday’s low on the EMINI NASDAQ opens the door for a panic selling.


GOOD LUCK
TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1568.00-1569.00 2221.00-2223.00
Resistance 2 1561.00-1562.00 2210.00-2212.00
Resistance 1 1556.00-1557.00 2202.00-2204.00
PIVOT 1549.25 2186.50
Support 1 1551.00-1549.25 2189.00-2188.00
Support 2 1545.50-1544.00 2180.00-2178.00
Support 3 1542.00-1539.50 2170.00-2168.00

S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1588.50 2245.25
1578.09 2229.02
1561.25 2202.75
1550.84 2186.52
1544.41 2176.49
1534.00 2160.25
1517.16 2133.99
1506.75 2117.75

 

[arturo1]

Daily Trading Advisory 19-october-2007

DAILY TRADING ADVISORY 19-October- 2007

What it was supposed to be a nicely strong opening party for the markets, was pounded by the Bank of America earnings report, bringing the market down to the low 40’s before the opening bell.
I wrote yesterday that “The markets are acting very “twitchy”, and after yesterdays wild range, an inside day with a downside bias can be expected as long as the first resistance areas are not broken to the upside. I will look closely the 1550.00 area on the SP futures and the 2189.00-2188.00 on the EMINI NASDAQ futures as a point of reference to figure market direction.”
The EMINI SP futures gapped down at the opening and after the first half hour tested exactly our support at 1540.00 and reversed to the upside but the move did not exceeded the 1549.25 pivot level. From here the market moved lower to test the early lows and after a 1-2-3 bottom rallied back to our 1551.25 areas, felt to test 1545.00 and battle during the last hour against our cluster 1550.00 level.
This entire strong move to the highs was escorted once more by the NASDAQ futures that reached exactly the 2210.00 resistance.
As I expected , the index showed an inside day and it looks like is trying to build a base above the weekly low at 1534.00 for the next multi day rally, but it will need to get above the 1550.00-1551.50 area to get out of the weak position.
During the last 15 minutes of yesterday session the indexes were sold and closed bellow fair value. During the night, they already moved lower despite of Google earnings report; the EMINI SP futures already tested its weekly low falling to 1535.50, and the EMINI NASDAQ futures visit the 2189.50 level that yesterday was the trigger for the move to the highs. At the time that I wrote my DAILY TRADING ADVISORY, they have come back nicely.
Today, we have option expiration, so both sides of the range could be visit. The market has been able to rally back after all this abrupt sell offs, but has not been able to build momentum and hold its gains. Nothing good happens all the time that the 1551.00 level is not broken to the upside and held on a pullback.
We have strong resistance at 1550.50-1551.50 on the EMINI SP futures and 2209.00-2210.50 on the EMINI NASDAQ futures, if broken, the next area is 1554.50-1555.50 on the EMINI SP futures and 2218.00-2219.50 on the EMINI NASDAQ futures, if those areas are exceeded, the next hurdles are 1562.25-1563.50 on the EMINI SP futures and 2229.00-2230.50 on the NQ’s.
Initial support is at 1546.00-1545.00 on the EMINI SP futures and 2192.00-2189.50 on the EMINI NASDAQ futures, if these levels get broken, a test of yesterday’s low on the EMINI SP futures at 1540.50-1539.50 and 2182.00-2179.50 on the EMINI NADAQ futures should hold, if they are smashed, and the next EMINI SP futures support at 1535.50-1534.50 and 2166.00-2164.00 on the EMINI NASDAQ futures don’t hold the selling pressure, we could be on the way to the 1525.00-1520.00’s on the SP. I wouldn’t be surprise, that today, after an initial rally on the NASDAQ futures some kind of profit taking will be seen.
GOOD LUCK
TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1562.25-1563.50 2229.00-2230.50
Resistance 2 1554.50-1555.50 2218.00-2219.50
Resistance 1 1550.50-1551.50 2209.00-2210.50
PIVOT 1547.25 2198.25
Support 1 1546.00-1545.00 2192.00-2189.50
Support 2 1540.50-1539.50 2182.00-2179.50
Support 3 1535.50-1534.50 2166.00-2164.00


S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1579.27 2261.37
1570.00 2241.75
1564.27 2229.62
1555.00 2210.00
1549.27 2197.56
1544.39 2189.78
1540.00 2178.25
1530.73 2158.63





Futures and options trading have large potential rewards, but also LARGE POTENTIAL RISK.

 

[arturo1]

Daily Trading Advisory 22-october-2007

DAILY TRADING ADVISORY 22-October- 2007

WEEKLY PIVOTS FOR WEEK ENDING 26-October-2007
R3 1552.75
R2 1540.75
R1 1512.25
PP 1528.75
S1 1499.25
S2 1481.75
S3 1458.00

A strong Friday pre-session on the EMINI NASDAQ futures that printed a high just at our resistance at 2218.00 was sold before the opening bell giving the warning of what could be a hot-blooded option expiration day.
The EMINI SP futures opened just at our support area at 1540.50 stamping the high of the day and sold off progressively during the first two hours reaching 1522.00 while the EMINI NASDAQ contract tested our 2180.00 support level. A nice reflex rally on the EMINI SP futures carries the index back to 1531.50 without the participation of EMINI NASDAQ. After double topping there, a steadily downtrend progressively took the market down to a new low at 1519.50 on the SP and to the 2162.00-2160.00 KEY SUPPORT AREA on the EMINI NASDAQ futures, finally, the NASDAQ joined the melt down move bringing with it more selling into the markets and sending the EMINI SP futures down another 15 points.
I have been warning my subscribers about the low volumes seen in the last rally; the way volume dried up in October is a bearish picture. The exhausting move seen on the NASDAQ futures, and the failure of the DOW CASH to break above 14200, were a red flag in all this bull campaign. I also pointed out that the few closes above 1556.20 on the SP futures were “nothing more than a bull trap”, and for now we can call that a top is in place. No matter if the markets are going to try to recover some of the lost ground on Friday’s session, I expect lower prices to be seen during the next weeks. There is a lot of damage done in the weekly charts and I don’t think the wide range day and the close on the low could have capitulated this down move.
The markets reached some short time extreme oversold readings on Friday that could trigger a big reflex rally, especially if we open down and reach support during the first hour of trading, but keep in mind that further damage will make it harder for any rally attempt to hold. On Friday, the VIX.X exploded by more than a 20% and the TRIN closed above 3.50. Also the move down from the highs is a 3/8 of the last range up.
For today we have initial resistance at 1516.25-1517.00 on the EMINI SP futures and 2160.00-2162.50 on the EMINI NASDAQ futures, if the markets get to these levels and can hold its gains, we could go for the 1519.50-1520.00 on the EMINI SP futures and 2170.00-2172.00 on the EMINI NASDAQ futures, if these areas are violated a rally to the 1528.00-1530.00 and to 2180.00-2182.00 on the NQ could be seen.
Initial support is at 1501.50-1499.50 on the EMINI SP futures and 2136.00-2135.00 on the EMINI NASDAQ futures, if those can not hold the SPfutures could go for the 1493.00-1491.00 area while the NASDAQ futures would be testing the 2132.00-2129.00 level. If a good rally will result from this weakness, it should come from here, but if these levels don’t hold, the next support on the EMINI SP futures will be at 1485.00-1483.00 as the NASDAQ futures closes the October 6th gap at 2120.00-2118.00 and roll down to the 2110.00-2108.00 area.
GOOD LUCK
.
TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1528.00-1530.00 2180.00-2182.00
Resistance 2 1519.50-1520.00 2170.00-2172.00
Resistance 1 1516.25-1517.00 2160.00-2162.50
PIVOT 1520.00 2185.25
Support 1 1501.00-1499.50 2136.00-2135.00
Support 2 1493.00-1491.00 2132.00-2129.00
Support 3 1485.00-1483.00 2210.00-2108.00









S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1594.00 2290.00
1577.00 2262.59
1549.50 2218.50
1532.50 2190.38
1522.00 2173.91
1505.00 2146.00
1477.50 2102.16
1460.50 2074.95



Futures and options trading have large potential rewards, but also LARGE POTENTIAL RISK.

 

[arturo1]

Daily Trading Advisory 23-october-2007

DAILY TRADING ADVISORY 23-October- 2007

ECONOMIC CALENDAR
No Economic data

As expected, a lower opening just above our support areas, gave the bulls what they were hoping for. Following Friday’s wide range and close in the daily low, the down gap open was bought.
After making a low at 1494.75 the index rally strong reaching 1510.25 during the first trading hour, the move stalled there and rolled down testing the opening price at 1497.00. The failure of the EMINI NASDAQ to make new lows and the double bottom on the DOW CASH turned the markets up back to the 1507.00 area on the EMINI SP futures and 2166.00 on the NQ where the move lost its steam and backed off to 1502.00 where a double bottom was bought and work its way higher printing 1515.75 on the charts. The SP twisted down once more falling to 1503.00 and rallied back to the highs during the last hour of trading cheered by the expectations of a good earnings report from Apple.
The markets ended on an uptrend and are trading higher during the night session, and they must be OK all the time that 1502.00-1500.50 on the EMINI SP futures and 2161.00-2159.50 on the EMINI NASDAQ futures hold. If the trend is still up, and Friday’s move was a pause or consolidation, Monday’s lows should hold, but I wouldn’t be surprise to see the EMINI SP futures test back the waters bellow 1500.00 and see if bargain hunters appear once more. The markets are still a bit oversold and this can help to maintain them afloat. I will look to sell early strength after Apple’s rally fizzles but the first move down should be a buying opportunity.
We have initial resistance at Friday’s breaking down point at 1519.50-1520.50 on the EMINI SP futures and 2188.00-2190.00 on the EMINI NASDAQ futures, if those are reached and sellers don’t show on the scene, the next hurdles will be 1522.50-1523.00 on the EMINI SP futures and 2196.50-2198.00 on the EMINI NASDAQ futures, if these areas don’t stop the excitement, a shot to the 1528.50-1530.00 and 2208.00-2210.00 respectively could be in the cards.
First support area on the EMINI SP futures is just under our pivot (1509.50) at 1508.50-1507.00 and 2176.00-2174.00 on the EMINI NASDAQ futures, if broken, a test of yesterday middle day higher low at 1502.00-1500.50 on the EMINI SP futures and 2165.00-2163.00 on the EMINI NASDAQ futures should hold and be immediately reversed if the trend is up, if these levels don’t bring buyers back, yesterday Globex lows at 1492.50 on the EMINI SP futures and 2150.00-2147.00 on the NQ could be reached.
GOOD LUCK
.


TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1528.50-1530.00 2208.00-2210.00
Resistance 2 1522.50-1523.00 2196.50-2198.00
Resistance 1 1519.50-1520.00 2188.00-2190.00
PIVOT 1509.50 2163.50
Support 1 1508.50-1507.00 2176.00-2174.00
Support 2 1502.00-1500.50 2165.00-2163.00
Support 3 1492.50 2150.00-2147.00


S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1539.00 2226.00
1530.12 2207.44
1515.75 2177.00
1506.87 2158.19
1501.38 2146.56
1492.50 2127.75
1478.13 2097.31
1469.25 2078

Futures and options trading have large potential rewards, but also LARGE POTENTIAL RISK.
[email protected]

 

[arturo1]

Daily Trading Advisory 24-october-2007

DAILY TRADING ADVISORY 24-October- 2007
ECONOMIC CALENDAR
10:00 AM Existing Home Sales

Following Monday’s night Apple’s earnings report, the market gapped up on the open testing exactly our resistance area at 1522.50-1523.00 on the EMINI SP futures, from that zone, we have the first pullback to 1519.25 where buying came in and rallied to new highs just one point above our resistance, printing 1524.00 on the charts.
As I wrote yesterday “I will look to sell early strength after Apple’s rally fizzles but the first move down should be a buying opportunity.” This scenario and resistance areas worked out perfectly during yesterday trading session for at least three short trades; early selling pressure drove the index down 14 points from its highs to our pivot level at 1510.00. A double bottom in that area was bought and the market grinded higher back up to 1523.00, a third pullback tested 1516.50 where a lot of institutional buying came in blowing the daily highs and getting to our third resistance area at 1528.50-1530.00 on the EMINI SP futures. The NASDAQ futures was the leading force in all this buying excitement making new highs at 2221.00 but closing on a poor note with a 10 points fall during the last 5 minutes of trading.
This is just the opposite of Monday’s strong close, and if this rally from the 1492.50 Monday’s night session was only a first degree counter trend, that was suppose to last between 1 to 4 days, and is already complete, then yesterday’s high won’t be exceeded and another push down must start today.
The last two day rally, that took the market back up from 1492.50 to 1528.00 is exactly the 38.2 retracement from this entire sell off that started when the December EMINI SP futures made it’s all time high at 1586.75 and ended at 1492.50, so if the market is on a downtrend, this is the normal retracement and no higher prices should be seen.
Today look for shorting opportunities as selling the rallies must offer the best option. If the market opens down, first resistance is at 1523.00-1524.00 on the EMINI SP futures and 2210.00-2212.00 on the EMINI NASDAQ futures, if these are broken, especially after the release of the Existing Home Sales data, a test of yesterday’s highs at 1528.50-1530.00 area on the EMINI SP futures and 2218.00-2221.00 on the EMINI NASDAQ futures could be a double top, these two resistance zones on both indexes are great shorting opportunities with tight stops. If these zones are punched, then a test of 1533.00-1534.50 on the EMINI SP futures and 2230.00-2232.00 on the NQ are the next obstacles. Getting up to these areas, will open the door for a continuation of this rally.
Initial support is at 1516.00-1514.50 on the EMINI SP futures and 2192.00-2190.00 on the EMINI NASDAQ, if these can not hold the pressure, a test of yesterday lows at 1510.00-1509.00 on the EMINI SP futures and 2184.00-2182.00 on the EMINI NASDAQ must hold and reverse to the upside immediately, otherwise a melt down to 1502.00-1500.00 and 2164.00-2162.00 will occur. Breaking these zones can result on a panic sell off in both indexes. GOOD LUCK


TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1533.00-1534.50 2230.00-2232.00
Resistance 2 1528.50-1530.00 2218.00-2221.00
Resistance 1 1523.00-1524.00 2210.00-2212.00
PIVOT 1521.25 2203.00
Support 1 1516.00-1514.50 2192.00-2190.00
Support 2 1510.00-1509.00 2184.00-2182.00
Support 3 1502.00-1500.00 2264.00-2262.00








S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1544.75 2265.75
1538.16 2248.66
1527.50 2221.00
1520.91 2203.91
1516.84 2193.34
1510.25 2176.25
1499.59 2148.59
1493.00 2131.89
Futures and options trading have large potential rewards, but also LARGE POTENTIAL RISK.
[email protected]

 

[arturo1]

Daily Trading Advisory 25-october-2007

DAILY TRADING ADVISORY 25-October- 2007
ECONOMIC CALENDAR

8:30 AM Initial Claims
8:30 AM Durable Orders
10:00 AM New Home Sales

SP TRADERS WEEKLY SENTIMENT REPORT
36% BULLS 42% BEARS 22% NEUTRAL


The market opened the day with heavy declines that send the EMINI SP futures 26 points lower during the first two hours of trading. All the indexes smashed as Merrill Lynch loses and more weakness in the housing market put extreme pressure on the markets. A perfect “W” bottom and rumors about a surprise rate cut by de FED, lifted the indexes back to new daily highs.
The lower opening on the EMINI SP futures that bounced back up to our resistance area at 1523.00 where we recommended yesterday to enter a short position was the trade of the day. After making a high at 1522.00 the index was sold heavily reaching for the second time during the last five days 1495.00, a rebound from this low took the index back up to our updated resistance at 1507.00 where the move fizzled and drop back for a test of the morning’s lows. The double bottom was bought and the EMINI SP rallied strong to a new high at 1524.50. The volatility has increased and it looks like it will remain with us at least until the next week FED announcement. At this stage it looks like the markets are OK all the time that the 1495.00-1492.00 can hold, but another visit to this low that does not find buyers, could open the door for a fast down trend.
The indexes closed on an uptrend, we have initial resistance at yesterday highs on the 1523.50-1525.00 zone on the EMINI SP futures and 2208.00-2210.00 on the EMINI NASDAQ futures, if these are not an obstacle, a test of the weekly highs at 1527.50-1528.50 on the EMINI SP futures and 2222.00-2223.50 on the EMINI NASDAQ futures must hold if the markets are going to be range bounded until the FED announcement, if those are cleared 1532.50-1534.00 on the EMINI SP futures and 2230.00-2232.00 on the NQ will offer strong resistance.
First support areas are at 1516.00-1515.00 on the EMINI SP futures and 2180.00-2178.00 on the EMINI NASDAQ futures, if these areas hold, a long entry could offer a good opportunity, especially if the VIX.X is lower, this could mean a quiet uptrend day. Next support is at 1508.00-1507.00 on the EMINI SP futures and 2170.00-2168.50 on the NQ, a break of those areas could take us back to 1495.00-1494.00 on the EMINI SP futures and 2154.00-2151.00 on the EMINI NASDAQ futures. GOOD LUCK.




TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1532.00-1534.00 2230.00-2232.00
Resistance 2 1527.50-1528.50 2222.00-2223.50
Resistance 1 1523.50-1525.00 2208.00-2210.00
PIVOT 1514.00 2188.83
Support 1 1516.00-1515.00 2180.00-2178.00
Support 2 1508.00-1507.00 2170.00-2168.50
Support 3 1495.00-1494.00 2154.00-2151.00


S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1553.75 2264.25
1542.58 2243.24
1524.50 2209.25
1513.33 2188.24
1506.42 2175.26
1495.25 2154.25
1477.17 2120.26
1447.92 2099.25

Futures and options trading have large potential rewards, but also LARGE POTENTIAL RISK.
EMAIL: [email protected]

 

[arturo1]

Daily Trading Advisory 26-october-2007

DAILY TRADING ADVISORY 26-October- 2007

ECONOMIC CALENDAR
10:00 AM Michigan Sentiment-revision

Anyone following the market all day has plenty of reason to be tired or exited this week. Aside from the entire bargain shoppers that has enter into long positions expecting a FED rate cut next week, the turbulent nature of the trading alone has been enough to put you on rest for a while. Thursday was certainly no exception as we once again witnessed another large sell-off only to see the indexes come strongly back in afternoon trading.
The market opened flat for the day just at our resistance zone at 1523.25 and sold off quickly testing exactly our support area at 1515.25 (our resistance numbers to enter a short trade were at 1523.50-1525.00, and our support was located at 1516.00-1515.00, GREAT SET UP). I wrote yesterday “First support areas are at 1516.00-1515.00 on the EMINI SP futures and 2180.00-2178.00 on the EMINI NASDAQ futures, if these areas hold, a long entry could offer a good opportunity, especially if the VIX.X is lower”. A fast rally took the EMINI SP futures just above our second resistance printing 1529.75 on the charts but a lagging NASDAQ did not help to sustain the uptrend. After testing this area, the EMINI SP felt back to 1515.00, a small bounce took prices up bellow 1520.00 where the down trend started to develop taking the index down to 1505.75, another move up began and took the EMINI SP futures back to the highs at 1527.50. It was notorious that for the first day, the NASDAQ was not able to reach the highs, and extreme volatility, many times is an indication of a topping market. The futures settle above fair value and they where higher after the close, but late night record oil prices have traders confuse about direction and by the time that I am writing my report, the indexes are almost unchanged.
For today, it will be a gift for the shorts if during the first hour of trading the EMINI SP futures reaches the highs of the weekly range; this could be a great sell, as failure at these levels could mean another trip to the lows of the range.
We have initial resistance at yesterday’s highs, 1528.50-1530.00 on the EMINI SP futures and 2206.00-2208.00 on the EMINI NASDAQ futures, if these don’t present an obstacle, the next barrier at 1532.50-1534.50 on the EMINI SP futures and 2216.00-2218.00 on the EMINI NASDAQ futures are strong resistance; here a second chance to enter a short position should be taken , if these areas can not hold 1538.00-1539.50 and 2224.00-2226.00 respectively will be seen in this leg up.
Initial support is at 1516.00-1515.00 on the EMINI SP futures and 2182.00-2180.00 on the EMINI NASDAQ futures, if those hold, another shot to the highs could be seen, but if they are broken, the market should be able to test the 1510.00-1509.00 zone on the EMINI SP futures and 2163.00-2161 on the EMINI NASDAQ futures. If buyers don’t step in at these prices, then the double bottom at 1496.00-1495.00 on the EMINI SP futures and new lows at 2145.00-2142.00 on the NQ index will be in jeopardy. GOOD LUCK

TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1538.00-1539.50 2224.00-2226.00
Resistance 2 1532.50-1534.50 2216.00-2218.00
Resistance 1 1528.00-1530.00 2206.00-2208.00
PIVOT 1522.50 2182.75
Support 1 1516.00-1515.00 2182.00-2180.00
Support 2 1510.00-1509.00 2163.00-2161.00
Support 3 1496.00-1495.00 2145.00-2142.00

S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1554.00 2280.75
1544.74 2256.54
1529.75 2220.00
1520.49 2196.79
1514.76 2182.46
1505.50 2159.25
1490.51 2121.71
1481.25 2098.50



Futures and options trading have large potential rewards, but also LARGE POTENTIAL RISK.
EMAIL: [email protected]

 

[arturo1]

Daily Trading Advisory 30-october-2007

Dear friends: Starting next Monday I will be publishing my DAILY TRADING ADVISORY on a one day delayed basis.The reason for this change, is my committment to honor my paying subscribers who also get the intraday updates, with a 100% exclusively service. Beside this,a snapshot of my DAILY TRADING ADVISORY will appear every day on Futures Magazine. I want to thanks all of you for reading my work and all of you who hasfollow me every day.I specially thanks those who have decided to join my service. I also recognize with gratitude to all the staff at www.trade2win.com, thanks.

Here we go:

DAILY TRADING ADVISORY 30-October- 2007

ECONOMIC CALENDAR

10:00 AM Consumer Confidence

I noted yesterday,” As in previous sessions during the last week, higher openings were sold and the index founded support and rallied back to close higher. For today’s session I expect a similar pattern all the time that the first pullback is bought. I will sell short if these areas (1548.50-1550.25) hold on the opening, but I will be very careful with my short position in case that Friday’s settlement holds.”
The EMINI SP futures opened up at 1546.50 and rally to our sell entry price at 1550.75, just half point above our resistance zone, while the EMINI NASDAQ printed its high exactly at our 2224.00 resistance area. As expected, the indexes behavior was exactly as in the past sessions where higher openings were sold. Both indexes gave us the short entry that we were looking for and sold off exactly to close the gap at 1542.00 on the EMINI SP futures (Friday’s settlement) and 2204.25 on the EMINI NASDAQ futures. After making the lows of the day at 1542.00 the EMINI SP futures traded on a narrow range between 1544.00 and 1548.00. A second attempt to test the highs failed at 1549.25 and 2223.00 respectively from where the EMINI SP futures pulled back to the middle day lows at 1544.00 while the EMINI NASDAQ felt to 2211.00. After 200 PM, a strong DOW pulled the EMINI SP futures to the intraday highs just to fail once more.
It was notorious the pullback and weakness on the EMINI RUSSEL from our “strong resistance area”; I wrote yesterday “there is very strong resistance between 831.00 and 834.00; be ready for a reversal from this area if reached during the first hour of trading.”The EMINI RUSSEL printed 831.10 on the chart and sold off to 820.30.

It looks like the range between 1535.00 and 1550.00 with an upside bias on the EMINI SP futures will hold until Wednesday FED decision, so both sides of the range could offer good trades for today’s session. Wait for the rally attempts to stall near our resistance areas to enter short and buy the pullbacks near our support zones.

We have initial resistance at 1549.50-1551.00 on the EMINI SP futures and 2220.00-2222.00 on the EMINI NASDAQ futures, if the indexes are going to remain in the range, these areas should hold, but if they push above them, a slow-moving uptrend day could be in the cards, next resistance areas are at 1554.50-1556.00 on the EMINI SP futures and 2228.00-2230.00 on the EMINI NASDAQ futures, if those are cleared 1560.00-1562.00 and 2239.00-2241.00 respectively will be the next hurdles.

The first support area on the EMINI SP futures is at 1545.00-1544.00 and 2209.75-2208.00 on the EMINI NASDAQ futures, if these don’t hold, a test of Monday’s lows at 1541.50-1540.00 on the EMINI SP futures and 2200.00-2198.00 on the EMINI NASDAQ futures must hold if the markets are OK, but if not, a fast sell off to the next support area on the EMINI SP futures at 1536.00-1534.50 and 2190.75-2189.00 on the EMINI NASDAQ could be seen.
If those areas can not stop the selling pressure, the EMINI SP futures could get to the 1526.00 zone. GOOD LUCK.

TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1560.00-1562.00 2239.00-2241.00
Resistance 2 1554.50-1556.00 2228.00-2230.00
Resistance 1 1549.50-1551.00 2220.00-2222.00
PIVOT 1545.75 2216.75
Support 1 1545.00-1544.00 2209.75-2208.00
Support 2 1541.50-1540.00 2200.00-2198.00
Support 3 1536.00-1534.50 2190.75-2189.00



S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1561.25 2256.25
1557.33 2246.32
1551.00 2230.25
1547.08 2220.32
1544.67 2214.18
1540.75 2204.25
1534.42 2188.18
1530.50 2178.25


Futures and options trading have large potential rewards, but also LARGE POTENTIAL RISK.
email: [email protected]

 

[arturo1]

DAILY TRADING ADVISORY 1st-November - 2007

Dear friends: Starting next Monday I will be publishing my DAILY TRADING ADVISORY on a one day delayed basis.The reason for this change, is my committment to honor my paying subscribers who also get the intraday updates, with a 100% exclusively service. Beside this,a snapshot of my DAILY TRADING ADVISORY will appear every day on Futures Magazine. I want to thanks all of you for reading my work and all of you who hasfollow me every day.I specially thanks those who have decided to join my service. I also recognize with gratitude to all the staff at www.trade2win.com, thanks.

DAILY TRADINGADVISORY 1st-November - 2007

ECONOMIC CALENDAR

8:30 AM Personal Income
8:30 AM Personal Spending
8:30 AM Core PCE Inflation
8:30 AM Initial Claims
10:00 AM ISM Index
10:00 AM Pending Home Sales

I wrote yesterday “the early session could bring some buying activity as the risk remains for those holding a short position”, “lighting your position is not a bad idea as you don’t want to be trapped on the wrong side.”
The market opened up at our second resistance and pulled back to 1540.75, just above our first resistance that acted as support (when a resistance level is cleared and hold, it becomes support). A slow and steady push higher that lasted most of the morning took the EMINI SP futures to the 1549.50 level, just beneath our “make or break” point of 1550.00. The indexes pulled back a little bit in front of the FED decision and sold strongly after the news reaching our support at 1535.25-1534.25 making the lows of the day at 1534.00. A immediately reverse took the index back to 1543.00 and after 10 minutes buyers joined the party breaking the high of the day and running in a parabolic move to 1558.25. Another 10 point drop took the SP back to 1547.00 where those who did not get a ticket the first time bough and drove the index higher closing at 1555.00 for the day.
Hughes moves were seen from the daily highs to the lows with notorious wild behavior on the EMINI RUSSELL futures that plunged after the news from 830.00 to 813.00 and rallied back to 834.00.
The market has been quick to recover any daily losses, but the move to the upside is starting to feel overextended, especially in the EMINI NASDAQ futures, so a little bit of range movement can occur before a clear break is seen. Although the market is in an uptrend and the first days of the month tend to have a bullish bias, I will recommend being very careful with any long as a medium size pullback will be healthy for the market in this circumstances.
For today, look to short early strength at the moment that the move ends, but the first pullback, if it holds the first support area should offer a good long trade.
Initial resistance is at 1557.00-1558.50 on the EMINI SP futures and 2256.00-2258.00 on the EMINI NASDAQ futures. If the market does not trade up to these areas and shows weakness at the opening around settlement, it can also offer a good short opportunity, but if they trade above settlement and break above initial resistance a reversal can come from 1561.00-1562.50 on the EMINI SP futures and 2262.00-2263.00 on the EMINI NASADAQ futures. If sellers do not appear in those areas look for a run to 1564.50-1565.00 and 2274.00-2275.00 respectively.
We have initial support at 1545.00-1543.00 on the EMINI SP futures and 2240-2238 on the EMINI NASDAQ futures, if the market is strong, they must hold and act as very strong support, if not 1539.50-1538.00 on the EMINI SP futures and 2228.00-2226.00 on the EMINI NASDAQ futures would be next. If the market gets down there and does not turn back, testing yesterday’s swing lows at 1535.00-1534.00 on the EMINI SP futures and 2212.00-2210.00 could be in the cards. Those areas will have to hold any selling pressure if higher prices will be seen during the next few weeks. GOOD LUCK

TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1564.50-1565.00 2274.00-2275.00
Resistance 2 1561.00-1562.50 2262.00-2263.00
Resistance 1 1557.00-1558.50 2256.00-2258.00
PIVOT 1549.75 2238.75
Support 1 1545.00-1543.00 2240.00-2238.00
Support 2 1539.50-1538.00 2228.00-2226.00
Support 3 1535.00-1534.00 2212.00-2210.00










S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1573.64 2278.76
1565.11 2263.19
1558.75 2253.00
1549.14 2236.76
1543.35 2226.73
1534.00 2210.50
1519.12 2199.02
1509.13 2184.15





Futures and options trading have large potential rewards, but also LARGE POTENTIAL RISK.

[email protected]

 

[arturo1]

Daily Trading Advisory 05-november-2007

Dear friends: Starting next Monday I will be publishing my DAILY TRADING ADVISORY on a one day delayed basis.The reason for this change, is my committment to honor my paying subscribers who also get the intraday updates, with a 100% exclusively service. Beside this,a snapshot of my DAILY TRADING ADVISORY will appear every day on Futures Magazine. I want to thanks all of you for reading my work and all of you who hasfollow me every day.I specially thanks those who have decided to join my service. I also recognize with gratitude to all the staff at www.trade2win.com, thanks.

TRADINGADVISORY 05-November – 2007
WEEKLY PIVOTS FOR WEEK ENDING 09-NOVEMBER-2007
R3 1551.50
R2 1538.00
R1 1524.75
PP 1517.50
S1 1511.50
S2 1500.50
S3 1487.75

ECONOMIC CALENDAR
8:30 AM ISM Services
Last week started on a strong note on expectations of another interest rate cut reaching its climax by the time the FED delivered and the news went public, and then, markets tumbled amid growing concerns about the financial sector.
Friday, the market opened strong just bellows our resistance levels at 1522.75-1524.00 and was sold heavily and fast reaching our first support at 1512.00. An immediate reaction took the index back to 1517.00 just to get smashed again as it tested the 1500.00 area. Back and forth action between1500.00 and 1506.00 broke up placing a double top at 1510.00 where selling pressure took the index down to 1496.75, just two points above the 1494.00 last month double bottom. Unable to reach lower prices a steady and elaborated uptrend took prices back to 1517.00 where the short covering rally ran out of gas and sellers drove prices lower to test the 1502.00 level. A double bottom at those levels resulted in an end of session rally closing once more on an uptrend and showing that the bull is still alive.
On Friday I wrote” I don’t see the market collapsing but something good has to happen to maintain the range between 1550.00 and 1500.00 on the EMINI SP, a test of the October 21-22 double bottom on the EMINI SP futures at 1494.50 looks imminent, but I don’t expect the down move to be easily reached because the NASDAQ is still strong and above all its moving averages. If this divergence will persist, the action is going to be choppier.”
We got another successful test of the October lows on the EMINI SP futures and the DOW CASH defended the 13400 KEY SUPPORT zone. These lows were reached with very strong volume, which suggest that they will hold, for now. The daily charts suggest a consolidation between Thursday’s high and Friday’s lows before the market decides which way to go. This move down and the successful test of the October lows it’s just bellow the 31.8% Fibonacci retracement from the yearly highs. The failure to maintain those areas could open the door for a decline that could take the indexes at least 5% lower.

While I don’t expect for Monday a strong move to the upside, nothing bad happens all the time that Friday’s lows resist another attempt to break down, so, trading both sides of the daily range could be the best strategy to follow. The EMINI SP futures closed above fair value, so if the market opens strong, it must offer a good shorting opportunity, but after Friday’s end of the session rally, that left many shorts trapped, the first pullback should be bought.
But if the market opens lower and bellow initial support, I will hold any long position until I see a double bottom or it gets back above the opening price, in other words, I DON’T want to pick the bottom.
We have initial resistance at 1519.00-1521.00 on the EMINI SP futures and 2233.50-2235.00 on the EMINI NASDAQ futures. If the market is in good shape, a test of the Friday’s globex high at 1524.50-1525.00 on the EMINI SP futures and 2244.00-2246.00 on the EMINI NASDAQ futures could be the target. If the market gets there, and have not traded Friday’s settlement yet, it could be a great point to enter short with tight stops. But if those levels, don’t offer resistance 1530.00-1532.00 on the EMINI SP futures and 2259.00-2261.00 on the EMINI NASDAQ futures could be seen.
Initial support is at 1513.00-1512.00 on the EMINI SP futures and 2220.00-2218.00 on the EMINI NASDAQ futures, if those are reached during the first hour of trading and hold, we can have a trend day with and objective of a 14-18 points move to the upside. If the market does not show positive signs at those levels, the next support area is at 1503.00-1502.00 on the EMINI SP futures and 2208.00-2206.00 on the EMINI NASDAQ futures. If those are broken the last support will be at 1496.50-1495.00 on the EMINI SP futures and 2194.00-2192.00on the EMINI NASDAQ futures. If those area broken there is a strong probability that 1494.75 on the EMINI SP futures and 13400 on the DAW CASH won’t hold opening the possibility of a multi day correction or a panic selling move before November’s traditional strength is seen.


TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1530.00-1532.00 2259.00-2261.00
Resistance 2 1524.50-1525.00 2244.00-2246.00
Resistance 1 1519.00-1521.00 2233.50-2235.00
PIVOT 1513.75 2217.50
Support 1 1513.00-1512.00 2220.00-2218.00
Support 2 1503.00-1502.00 2208-00-2206.00
Support 3 1496.50-1495.00 2194.00-2192.00










S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1548.92 2275.60
1539.68 2256.72
1522.50 2232.00
1512.66 2216.72
1506.58 2207.28
1496.75 2192.00
1482.33 2162.86
1469.70 2150.98





Futures and options trading have large potential rewards, but also LARGE POTENTIAL RISK.
You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose.
This is neither a solicitation nor an offer to buy or sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this document. The past performance of any trading system or methodology is not necessarily indicative of futures results.
DAY TRADING INVOLVES HIGH RISK AND YOU CAN LOSE A LOT OF MONEY.
Every effort has been made to accurately represent all of our products and it's potential. As with any business there is a risk of loss of capital and there is no guarantee that you will earn any money.
The financial markets are risky .Investing is risky.
The foregoing has been prepared only and solely for informational purposes and is not a solicitation or an offer to buy or sell any security, option or futures contract.
Opinion is based on historical research but there is not guarantee that futures results will be profitable.
We are not advocating or recommending trading futures and our services, notes and entry and exit prices to the markets only reflects our opinion an a manner how markets can be traded.
We mention many indexes like the S&P, NASDAQ, Russell, Dow Jones as T-Bonds only because they are the most known and liquid markets, and not because we recommend in any way to be traded.
You can lose more than your initial investment.
We are not Brokers, Registered Trading Advisors, Registered Investment Advisors or Commodity Trading Advisors.
All the material contained here or in any communication is only for information purposes and part of our thoughts and personal conclusions.
For additional RISK DISCLOSURE information you can check.
www.cme.com
www.cbot.com
Copyright © by theminitrade.com
www.theminitrade.com
5850 Coral Ridge Dr. Suite 303
Coral Springs. Fl. 33076

 

[arturo1]

Daily Trading Advisory 06 November 2007

Dear friends: Starting next Monday I will be publishing my DAILY TRADING ADVISORY on a one day delayed basis.The reason for this change, is my committment to honor my paying subscribers who also get the intraday updates, with a 100% exclusively service. Beside this,a snapshot of my DAILY TRADING ADVISORY will appear every day on Futures Magazine. I want to thanks all of you for reading my work and all of you who has follow me every day.I specially thanks those who have decided to join my service. I also recognize with gratitude to all the staff at www.trade2win.com, thanks.

DAILY TRADING ADVISORY 06-November – 2007

ECONOMIC CALENDAR

NO ECONOMIC DATA

A lower opening that reached 1498.25 was bought and the market rallied back to 1511.00 where our EMINI REAL TIME TRADING SIGNALS subscribers got a signal to enter short. The market pulled back to 1503.75 where buyers stepped in and drove the futures back up to test the highs. The move was rejected and the market sold off once more to 1506.00. A last test of the daily highs resulted on another pullback that couldn’t hold the selling pressure and the EMINI SP futures printed a new low at 1494.25. As in previous sessions the market was able to hold “obvious support” and the reverse move started, driving the index higher to the 1503.00 area. Another small retracement to 1500.00 held and buyers stepped in once more bringing the index to test the highs at 1511.00. The market pulled back again to the intraday dynamic support at 1506.00 and a strong fast rally drove prices to a new high for the day at 1516.25 where the short covering rally run out of gas as the index was sold steadily closing on a weak note at 1505.50.

Yesterday I wrote “ While I don’t expect for Monday a strong move to the upside, nothing bad happens all the time that Friday’s lows resist another attempt to break down, so, trading both sides of the daily range could be the best strategy to follow.”
The action has been wild with huge swings between highs and lows, and the best that can happen to the market at this juncture is to maintain the October 22 and 24 lows, otherwise a high-speed down move can bring the EMINI SP futures to the 1455.00-1465.00 area before a good low is seen.

As important as the lows on the EMINI SP is the fact that the DOW JONES has been able to rally from it’s support at 13400-13450 level, but I think that only a little bit of panic bellow this support that takes the DOW close to the 13000 area will motivate people to enter a long position.

Today we can see a reverse day back up, but only 2 closes above 1530.00 will signal that a low is in place. A one day countertrend day that fails to close on a strong note could accelerate the move down. The RUSSELL is also testing its lows and has been the weakest index as it never reached its highs when all the other indexes were strong, and this weakness makes me thing that the move down has not ended yet.

For today’s trading session I will look to sell early strength trying to get a good fill between the 1513.00-1516.00 areas once the move stalls, and then I will look for the market to test the 1502.00 level. If this area holds a good rally can develop, but if the market starts to trade bellow 1500 I don’t want to be long.

We have initial resistance at 1516.50-1517.50 on the EMINI SP futures and 2221.50-2223.00 on the EMINI NASDAQ futures. If those are not a problem the market should be able to test 1524.00-1525.00 on the EMINI SP futures and 2229.00-2231.00 on the EMINI NASDAQ futures. If the market is showing its muscles a test of the 1528.00-1530.00 and 2238.00-2240.00 zones respectively could be in the cards before the rally ends.

Initial support is at 1502.50-1501.50 on the EMINI SP futures and 2206.50-2205.00 on the EMINI NASDAQ futures, if those are tested and the market holds look to get long with stops bellow the 1500.00 area, but if the bears are in control the market should fall to the obvious support at 1494.00-1493.00 on the EMINI SP futures and 2194.50-2192.00 on the EMNINI NASDAQ futures. If those are broken the next support is at 1489.50-1488.50 on the EMINI SP futures and 2185.00-2184.00 on the EMINI NASDAQ futures.
If this levels hold, a speedy rally can bring the EMINI SP futures back to the 1500.00-1504.00 area and leave many shorts trapped at the lows, but if those levels are broken the way to the 1465.00-1455.00 area will be open.

So, today is very important as the 1494.00-1495.00 has been a huge support in this move down and now set up the possibility of a recover in the indexes or the option for a panic sell. GOOD LUCK

TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1528.00-1530.00 2238.00-2240.00
Resistance 2 1524.00-1525.00 2229.00-2231.00
Resistance 1 1516.50-1517.50 2221.50-2223.00
PIVOT 1505.50 2217.50
Support 1 1502.50-1501.50 2206.50-2205.00
Support 2 1494.00-1493.00 2194.50-2192.00
Support 3 1489.50-1488.50 2185.00-2184.00


S&P FIBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1539.87 2256.25
1530.23 2243.08
1516.25 2224.75
1506.82 2212.18
1502.65 2204.03
1494.25 2191.25
1479.75 2172.80
1470.88 2156.27


Futures and options trading have large potential rewards, but also LARGE POTENTIAL RISK.
You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose.
This is neither a solicitation nor an offer to buy or sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this document. The past performance of any trading system or methodology is not necessarily indicative of futures results.
DAY TRADING INVOLVES HIGH RISK AND YOU CAN LOSE A LOT OF MONEY.
Every effort has been made to accurately represent all of our products and it's potential. As with any business there is a risk of loss of capital and there is no guarantee that you will earn any money.
The financial markets are risky .Investing is risky.
The foregoing has been prepared only and solely for informational purposes and is not a solicitation or an offer to buy or sell any security, option or futures contract.
Opinion is based on historical research but there is not guarantee that futures results will be profitable.
We are not advocating or recommending trading futures and our services, notes and entry and exit prices to the markets only reflects our opinion an a manner how markets can be traded.
We mention many indexes like the S&P, NASDAQ, Russell, Dow Jones as T-Bonds only because they are the most known and liquid markets, and not because we recommend in any way to be traded.
You can lose more than your initial investment.
We are not Brokers, Registered Trading Advisors, Registered Investment Advisors or Commodity Trading Advisors.
All the material contained here or in any communication is only for information purposes and part of our thoughts and personal conclusions.
For additional RISK DISCLOSURE information you can check.
www.cme.com
www.cbot.com
Copyright © by theminitrade.com
www.theminitrade.com
5850 Coral Ridge Dr. Suite 303
Coral Springs. Fl. 33076

 

[arturo1]

Daily Trading Advisory

Dear friends: Starting last Monday I am publishing my DAILY TRADING ADVISORY on a one day delayed basis.The reason for this change, is my committment to honor my paying subscribers who also get the intraday updates, with a 100% exclusively service. Beside this,a snapshot of my DAILY TRADING ADVISORY will appear every day on Futures Magazine. I want to thanks all of you for reading my work and all of you who has follow me every day.I specially thanks those who have decided to join my service. I also recognize with gratitude to all the staff atwww.trade2win.comthanks.

WEEKLY BULLS AND BEARS SENTIMENT
BULLS 52%
BEARS 37%
ECONOMIC CALENDAR
8:30 AM Productivity-preliminary
10:00 AM Wholesale Inventories
10:30 AM Crude Inventories

Yesterday I wrote “For today’s trading session I will look to sell early strength trying to get a good fill between the 1513.00-1516.00 areas once the move stalls, and then I will look for the market to test the 1502.00 level. If this area holds a good rally can develop, but if the market starts to trade bellow 1500 I don’t want to be long.” “Today we can see a reverse day back up”.
We couldn’t get a better set up for yesterday’s trading session as the market gapped up at the opening and gave us the early strength that we were looking for to enter short, we were filled just bellow our first resistance area at 1516.50.A steady decline took the index down to 1503.50, one point above our support. The market reacted well to this low, and when it traded back above our pivot point at 1505.50 it never looked back as it started an uptrend day that reached our resistance at 1525.00 by the close. The action on the EMINI RUSSELL looked like a program trading on the SP that lifted the index and created that strength. The EMINI SP futures were down three days and reacted well at the obvious support, October’s lows, but yesterday’s rally should be seen as a countertrend until it can prove differently.
The way the market ended yesterday when it closed at its highs and the reading in our WEEKLY SENTIMENT INDEX that is showing a 52% bullish position as traders has been looking at this sell off as a buying opportunity makes me think that another trip to the lows will be seen soon, and if the market behavior is as expected the rally from 1494.00 to 1525.00 should be meet with a downside move that will reach our 1455.00-1465.00 objective for this move down. If the index starts to show consolidation after last week strong move to the downside without continuing yesterday’s rally it will be an indication that the next move will be to the downside.
The EMINI SP futures has been trading lower during the night session and if it doesn’t reverse from support during the first hour of trading and reaches yesterday’s settlement many longs will be trapped between 1524.00-1525.00 which makes me thing that is a good area to get short with tight stops. It is not normal to see two trend days on a row, so if the market acts normal both sides should offer good trading opportunities.
We have initial resistance at 1525.00-1527.00 on the EMINI SP futures and 2238.00-2240.00 on the EMINI SP futures. If those are not sold, the 1530.00-1532.00 area on the EMINI SP futures and on the 2245.00-2246.00 EMINI NASDAQ futures should act as a wall if yesterdays rally was a one day countertrend move. If these levels are not rejected expect a test of 1536.75-1537.50 on the EMINI SP futures and 2253.00-2254.00 on the EMINI NASDAQ futures.
The first support areas are at 1517.50-1516.00 on the EMINI SP futures and 2222.00-2221.00 on the EMINI NASDAQ futures, if these are not bought, the next stair is at 1511.00-1510.50 on the EMINI SP futures and 2211.00-2209.50 on the EMINI NASDAQ futures. If the market starts to trade bellow these levels, the only cushion before breaking to the range lows will be at yesterdays pivot areas at 1505.50-1503.50 on the EMINI SP futures and 2196.00-2194.00 on the NQ.
TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1536.75-1537.50 2253.00-2254.00
Resistance 2 1530.00-1532.00 2245.00-2246.00
Resistance 1 1525.00-1527.00 2238.00-2240.00
PIVOT 1518.25 2222.50
Support 1 1517.50-1516.00 2222.00-2221.00
Support 2 1511.50-1510.50 2211.00-2209.50
Support 3 1505.50-1503.50 2196.00-2194.00










S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1549.10 2270.99
1538.70 2256.23
1526.00 2236.00
1518.65 2222.86
1511.20 2211.88
1503.50 2199.00
1488.60 2174.12
1480.17 2160.25



Futures and options trading have large potential rewards, but also LARGE POTENTIAL RISK.
You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose.
This is neither a solicitation nor an offer to buy or sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this document. The past performance of any trading system or methodology is not necessarily indicative of futures results.
DAY TRADING INVOLVES HIGH RISK AND YOU CAN LOSE A LOT OF MONEY.
Every effort has been made to accurately represent all of our products and it's potential. As with any business there is a risk of loss of capital and there is no guarantee that you will earn any money.
The financial markets are risky .Investing is risky.
The foregoing has been prepared only and solely for informational purposes and is not a solicitation or an offer to buy or sell any security, option or futures contract.
Opinion is based on historical research but there is not guarantee that futures results will be profitable.
We are not advocating or recommending trading futures and our services, notes and entry and exit prices to the markets only reflects our opinion an a manner how markets can be traded.
We mention many indexes like the S&P, NASDAQ, Russell, Dow Jones as T-Bonds only because they are the most known and liquid markets, and not because we recommend in any way to be traded.
You can lose more than your initial investment.
We are not Brokers, Registered Trading Advisors, Registered Investment Advisors or Commodity Trading Advisors.
All the material contained here or in any communication is only for information purposes and part of our thoughts and personal conclusions.
For additional RISK DISCLOSURE information you can check.
www.cme.com
www.cbot.com
Copyright © by theminitrade.com
www.theminitrade.com
5850 Coral Ridge Dr. Suite 303
Coral Springs. Fl. 33076

 

[arturo1]

Daily Trading Advisory 08-november-2007

Dear friends: Starting last Monday I am publishing my DAILY TRADING ADVISORY on a one day delayed basis.The reason for this change, is my committment to honor my paying subscribers who also get the intraday updates, with a 100% exclusively service. Beside this,a snapshot of my DAILY TRADING ADVISORY will appear every day on Futures Magazine. I want to thanks all of you for reading my work and all of you who has follow me every day.I specially thanks those who have decided to join my service. I also recognize with gratitude to all the staff atwww.trade2win.comthanks.

DAILY TRADING ADVISORY 08 -November – 2007

ECONOMIC CALENDAR

8:30 AM Initial Claims
9:00 AM Bernanke Speech

As I note yesterday “The way the market ended yesterday when it closed at its highs and the reading in our WEEKLY SENTIMENT INDEX that is showing a 52% bullish position as traders has been looking at this sell off as a buying opportunity makes me think that another trip to the lows will be seen soon, and if the market behavior is as expected the rally from 1494.00 to 1525.00 should be meet with a downside move that will reach our 1455.00-1465.00 objective for this move down.”
When I refer to the 1465.00-1455.00 area an objective for this leg down on the EMINI SP futures, I made my calculations twice, with the consideration that this index has the tendency to repeat its previous moves.
The move down from the all time high 1586.00 to the 1494.00 area is a 92 points fall, so after the market reached last week the 1558.00 area printing a lower high on the daily chart and started to look weak, I took in consideration a replica from that 92 point move, and that bring the index to an objective of 1463.00. I also took in consideration the rally from 1494.00 to 1525.00, a 31 point up move, to be the catalyst of a 62 point fall, this bring the index to 1463.00.
Yesterday’s move also reached the 50% Fibonacci retracement from the all time high to the August low’s ,and closed the September 13 gap where all this move to the all time highs started.
The index gapped down at the opening and reached 1514.50 where sellers stepped in taking prices to 1504.00, this move was just at our third support area. A feeble bounce to 1510.00 was met with another round of selling and when the index broke our third support area was hammered till 1487.75. A reflex rally took prices back up to 1502.00, just bellows the daily third support that now acted as resistance and traded down steadily in to the close printing 1478.75 on the chart. The EMINI SP closed with a suspicious couple of points above fair value but has been trading lower during the night.
Now that the objectives has been, or will be reached for this move down, the only question is if the market is going to hold and rally back to 1495.00-1505.00 or the move has not ended yet and in a mini crash mode the index is going to fall to the 1450.00-1440.00 zone where a consolidation was seen after the summer fall. If the 1465.00-1463.00 area is tested early in the morning, and holds, we can have a nice rally, but keep in mind that the bearish sentiment is strong and there is a lot of momentum in the short side at this moment.
We have initial resistance at 1479.50-1482.00 on the EMINI SP futures and 2179.00-2182.00 on the EMINI NASDAQ futures, if those are reached and the market is in good shape, the next area will be 1491.50-1493.00 on the EMINI SP futures and 2195.00-2198.00 on the EMINI NASDAQ futures, if the market gets there be ready for a reverse to the downside, but if those areas are cut easily, we can be back at 1502.00-1504.00 on the EMINI SP futures and 2209.00-2211.00 on the EMINI NASDAQ futures.
Initial support is at 1470.75-1468.00 on the EMINI SP futures and 2151.50-2150.00 on the EMINI NASDAQ futures, not rallying from here will place the index in a more weaker position that has all the chances to cut through our objectives after reaching 1465.00-1463.00 on the EMINI SP futures and 2141.00-2139.00 on the EMINI NASDAQ futures, if those hold there is a chance of an upside move, but if they don’t, the next support areas before we see are 1457.00-1455.00 on the EMINI SP futures and 2126.00-2124.00 on the EMINI NASDAQ futures.
If the move down is near to its end, it should happen today, but if not, there is a lot more room to go to the downside as a test of 1400.00 on the EMINI SP futures and 12800 on the DOW CASH could be in the cards. GOOD LUCK.

TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1502.00-1504.00 2209.00-2211.00
Resistance 2 1491.50-1493.00 2195.00-2198.00
Resistance 1 1479.50-1482.00 2179.00-2182.00
PIVOT 1493.50 2194.25
Support 1 1470.75-1468.00 2151.00-2150.00
Support 2 1465.00-1463.00 2141.00-2139.00
Support 3 1457.00-1455.00 2126.00-2124.00










S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1554.97 2286.40
1532.22 2264.86
1514.50 2230.00
1500.63 2210.13
1492.37 2197.86
1479.20 2177.75
1452.16 2121.89
1435.44 2089.50











Futures and options trading have large potential rewards, but also LARGE POTENTIAL RISK.
You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose.
This is neither a solicitation nor an offer to buy or sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in this document. The past performance of any trading system or methodology is not necessarily indicative of futures results.
DAY TRADING INVOLVES HIGH RISK AND YOU CAN LOSE A LOT OF MONEY.
Every effort has been made to accurately represent all of our products and it's potential. As with any business there is a risk of loss of capital and there is no guarantee that you will earn any money.
The financial markets are risky .Investing is risky.
The foregoing has been prepared only and solely for informational purposes and is not a solicitation or an offer to buy or sell any security, option or futures contract.
Opinion is based on historical research but there is not guarantee that futures results will be profitable.
We are not advocating or recommending trading futures and our services, notes and entry and exit prices to the markets only reflects our opinion an a manner how markets can be traded.
We mention many indexes like the S&P, NASDAQ, Russell, Dow Jones as T-Bonds only because they are the most known and liquid markets, and not because we recommend in any way to be traded.
You can lose more than your initial investment.