Daily trading advisory

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 14 -December – 2007

ECONOMIC CALENDAR

8:30 AM CPI
8:30 AM Core CPI
9:15 AM Industrial Production
9:15 AM Capacity Utilization


WEEKLY BULLS AND BEARS SENTIMENT
BULLS 38%
BEARS 33%

After reporting and increase in PPI inflation readings and a good Retail Sales numbers, the market opened slightly lower and bounced to the 1497.00 on the March EMINI SP futures just bellow our pivot number which called for buying activity above 1498.00. The index was immediately reversed and pushed down to 1483.25. Yesterday report was calling for a short entry on early strength or on a double top or lower high formation, as the EMINI SP futures did not get to resistance we missed the move down.

The index bounced back printing a double top at 1494.00 while the EMINI NASDAQ futures rallied 10 points from its 2096.00 low, a non gusto rally. Unable to break the 1494.00 double top, the EMINI SP was sold breaking bellow the 1488.00 opening range and pushing lower to test the Globex lows at 1480.00 levels, just at our 1481.00-1480.00 support area. Yesterday I wrote: “If buyers don’t jump at the initial support, the EMINI SP futures could slide to the 1481.00-1479.00 area while the EMINI NASDAQ futures get to 2098.00-2096.00.” Both levels were tested and held during all the session. At midday, the indexes tested the lows and after trading the next two hours between 1482.00 and 1487.00, the EMINI SP futures pushed above resistance and rallying to the 1495.00 area. A pullback to the previous intraday resistance and new support at 1487.00 was bought and the EMINI SP futures rallied to the previous day settlement around 1501.00. Our “EMINI SP REAL TIME TRADING” subscribers were accurate updated and bought around 1482.50, close to the daily lows.

Thursday brought range action between Wednesday’s lows and highs, and probably on today’s session we’ll have more range movement until a clear break occurs. The fact that the EMINI SP futures were able to test and rebound from Wednesday’s lows, it’s a call for a short term bottom. During this week I have been predicting based on my studies, a trading low between yesterday and today, and a weak rally for the coming weeks that could take the EMINI SP futures back to the 1517.00-1530 area by the end of the year.

Yesterday’s bullish chart formation makes today’s session a critical one, as yesterday’s lows has to hold any selling pressure, and although, there was and increase in volume during the bounce, there is still a lot of indecision between the bulls and the bears. Definitely I will avoid any shorts near support as I consider the market cold for short sellers.

Only a break bellow yesterday’s lows that is not immediately rejected and reversed, will be an indication of a weaker market for the sessions to come, furthermore, a one day weak rally without follow through, and a new low the next day, will also be an indication of a strong downtrend. These are the only two scenarios that will make me change my forecast for the next two week.

For today, yesterday’s close looks as a good set up to sell early strength and buy on a pullback as a continuation bullish pattern and a not so wide range day is expected as markets are calling for some stability. We have initial resistance at 1500.50-1502.50 on the EMINI SP futures and 2121.00-2123.00 on the EMINI NASDAQ futures, if those are reached by the opening or during the first 40 minutes of trading and rejected, they should offer a good shorting opportunity for at least 6-8 points, but if those don’t hold, a pop up to the 1505.50-1506.50 on the EMINI SP futures and 2128.00-2130.00 is possible, those will offer strong resistance, they are Wednesday’s highs, and the markets will be range bounded all the time that those areas are not broken to the upside, so if the indexes test those levels and hesitate around them, go short with tight stops. If those are beaten 1512.00-1513.00 on the EMINI SP futures and 2140.00-2142.00 on the EMINI NASDAQ futures are the only obstacles for a test of the 1516.00-1517.00 and 2158.00-2160.00 respectively.

If the market moves lower, there is initial support at 1492.00-1490.00 on the EMINI SP futures and 2105.00-2103.50 on the EMINI NASDAQ futures. If the markets open close to those areas, buyers should step in and try to reach settlement, but if those are broken, yesterday’s swing lows at 1487.00-1486.00 and 2096.00-2095.00 must hold any selling pressure. If these areas are tested and hold, the EMINI SP futures could rally up to 18 points; but if those don’t seduce buyers, yesterday’s lows at 1481.00-1480.00 on the EMINI SP futures and 2083.50-2082.00 will be checked to scare the bulls. If those can not hold, the EMINI SP futures will be on its way to the 1473.00-1471.00 area on a bloody Friday.

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1512.00-1513.00 2140.00-2142.00 783.30-785.00
Resistance 2 1505.50-1506.50 2128.00-2130.00 778.20-779.20
Resistance 1 1500.50-1502.50 2121.00-2123.00 773.10-774.30
PIVOT 1494.50 2110.00 769.80
Support 1 1492.00-1490.00 2105.00-2103.50 768.40-767.20
Support 2 1487.00-1486.00 2096.00-2095.00 763.30-762.40
Support 3 1481.00-1480.00 2083.50-2082.00 757.00-755.70

For EMINI RUSSELL traders, it is crucial for this index to maintain the 763.30-762.40 area as it has revealed weakness in a period where small caps should be outperforming the heavy ones. GOOD LUCK

S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1606.28 2264.24 839.00
1594.72 2248.01 832.51
1576.00 2221.75 822.00
1557.28 2195.49 811.50
1545.72 2179.26 805.01
1527.00 2153.00 794.50
1508.28 2126.74 784.00
1502.50 2118.63 780.75
1496.72 2110.51 777.51
1478.00 2084.25 767.00
1459.28 2057.99 756.50
1447.72 2041.76 750.01
1429.00 2015.50 739.50
1410.28 1989.24 729.00
1398.72 1973.01 722.51








DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1509.25 2127.50 777.20
AS DAILY LOW 1487.75 2098.50 764.40





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.
Copyright © by theminitrade.com
Index Futures Information Services - Emini Trading Advisory and Trading Alerts | TheMiniTrade.com

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 18 -December – 2007

ECONOMIC CALENDAR
8:30 AM Housing Starts
8:30 AM Building Permits

The indexes slump again as continued concerns about growth and credit beat a new Fed effort to inject liquidity in to the markets.

Another weak opening that looked as a buying opportunity never gain momentum. The EMINI SP futures opened at 1472.00 and was reversed almost immediately dropping to our important support area at 1467.00. Buyers stepped in and took the index higher to the 1475.00 area. Without any follow through, weakness on the EMINI NASDAQ futures and DOW, the index was sold to the early lows. A feeble bounce stalled just at our resistance area at 1471.00-1473.50 (that was a daily support, once penetrated it turned in to resistance), and after printing double tops at 1472.00, the market went in to a trend down day reaching our 1463.00-1462.00 support levels. Another attempt to come back failed at our updated resistance area at 1467.50 and the indexes were sold in to the close.

I have been looking since last Friday for a bottom in front of this week, when the December futures contracts expire, and unless the markets will collapse the conditions are set for a rally or a consolidation move between yesterday’s lows and the 1480.00 area. The wide down range day that we had yesterday, could result in a reversal on today’s session if the market is sold at the opening and test or break marginally yesterday’s lows. I will also consider a gap up at the opening that leaves late shorts trapped

I would like that yesterday’s lows were made with a higher volume, but that it’s not a critical factor in this low volume season. If the market is “normal”, yesterday’s action should be resolve or by another exhausting sell off with higher volumes or with a reversal after an early move down. If this reversal is not seen today, I will expect two sides trading, as it is very unusual to see two trend days on a row. For today’s session, if the markets open higher there should be strong resistance at yesterday’s late highs at 1467.50-1468.50 on the EMINI SP futures and 2062.75-2064.00 on the EMINI NASDAQ futures, if an early move stalls at those levels, it should offer a good shorting opportunity, but if those are broken and held on a pullback, the bulls will have the control, and that will be obvious on a break above the next hurdles at 1471.50-1473.00 on the EMINI SP futures and 2071.00-2072.50 on the EMINI NASDAQ futures. These areas are extremely important, particularly on the EMINI NASDAQ futures as they have been pivotal points during the last three months. If the markets succeed to maintain the buying pressure, they should be able to fill yesterday’s gap left at the open at 1478.00-1479.00 on the EMINI SP futures and 2083.50-2086.00 on the EMINI NASDAQ futures. A strong close could result in a one day countertrend on a fast downside move, or a 10-12 days rally in to January before the markets break down once more.

We have initial support just bellow Monday’s lows at 1454.50-1452.50 on the EMINI SP futures and 2044.25-2042.00 on the EMINI NASDAQ futures. The only reason to be a buyer at this levels is a successful test of yesterday’s lows, but I am not so sure that they wont be broken if the markets are trading at those levels, if they don’t hold, the first time that the EMINI SP futures trades bellow 1450.00, around 1448.00-1447.50 and 2038.25-2036.00 on the EMINI NASDAQ futures could be a good long entry, but if the markets do not react from these areas, they will be on their way to close the November 28 gap at 1442.00-1440.50 on the EMINI SP futures and 2019.00-2018.00 on the EMINI NASDAQ futures. GOOD LUCK


TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1478.00-1479.00 2083.50-2086.00 760.50-761.80
Resistance 2 1471.50-1473.00 2071.00-2072.50 755.80-756.70
Resistance 1 1467.50-1468.50 2062.75-2064.00 750.70-752.30
PIVOT 1463.75 2064.00 748.20
Support 1 1454.50-1452.50 2044.25-2042.00 743.50-742.30
Support 2 1448.00-1447.50 2038.25-2036.00 739.60-737.30
Support 3 1442.00-1440.50 2019.00-2018.00 734.40-732.20



S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1507.36 2174.21 778.34
1502.64 2162.29 775.16
1495.00 2143.00 770.00
1487.36 2123.71 764.84
1482.64 2111.79 761.66
1475.00 2092.50 756.50
1467.36 2073.21 751.34
1465.00 2067.25 749.75
1462.64 2061.29 748.16
1455.00 2042.00 743.00
1447.36 2022.71 737.84
1442.64 2010.79 734.66
1435.00 1991.50 729.50
1427.36 1972.21 724.34
1422.64 1960.29 721.16

DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1473.00 2082.00 756.80
AS DAILY LOW 1444.00 2019.00 737.00





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.

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 20 -December – 2007

ECONOMIC CALENDAR

10:30 AM Crude Inventories

ECB $500 billion injection in to the banking system, Goldman Sacks stellar numbers, and housing starts and building permits lower, as expected, were yesterday headlines in a volatile session.

An overnight rally took the markets up for the opening just to our resistance area at 1471.50-1473.00 on the EMINI SP futures. Unable to break above resistance the index was sold and reached 1458.00, a feeble bounce to the 1464.00 area printed a double top and with heavy selling pressure in all the indexes the bears gain control and a steady sell off drove the EMINI SP futures to a daily low at 1444.75 while the EMINI NASDAQ futures printed 2021.00 on the chart and the EMINI RUSSELL futures got to 738.70 respecting our third level support.

Our “AS DAILY PROYECTIONS” called for lows at 1444.00 on the EMINI SP futures, 2019.00 on the EMINI NASDAQ futures and 737.00 on the EMINI RUSSELL futures. During this move down, the VIX.X index was down by 3% signaling the possibility of a reversal. After holding those lows all the indexes turned back and broke easily above the 1453.00 intraday resistances on the EMINI SP futures and did not stop until the 1470.00 level was reached. A consolidation pullback tested the 1462.00 area and the EMINI SP futures rallied back to 1471.00 before pulling back in to the close closing off the highs for the day.

The move from the lows was an expected consequence of short term oversold conditions and an important downside objective on the DOW cash around 13080 and a successful fill (almost) of the November 28 gaps on the EMINI SP futures and the EMINI RUSSELL futures.

Yesterday I wrote about the importance of the 1473.00, 2071.00 and 760.00 resistance areas as the turning point to have a recovery rally that could last until the end of the year. “These areas are extremely important, particularly on the EMINI NASDAQ futures as they have been pivotal points during the last three months.” The indexes were rejected early on the day from these levels and closed bellow them, particularly the lagging EMINI NASDAQ futures has been on a fast trend down, and unless-until those areas are broken and hold on a pullback the daily trends will still be down. The exhausting move and yesterday consolidation of the fast down trend will need to show follow through or as in the last weeks will result in a weak one day rally followed by increasing selling pressure. I wouldn’t get too much bearish because if this rally is going to last for another 2-3 days or even until the first trading sessions of January, yesterday’s lows or a higher low during today’s session fall in the perfect timing for some king of recovery before the next big drop.

Yesterday’s low formed a pivot pattern with an increase in buying volume and that indicates that those lows should hold at least for a few days, and if not a panic move could result in much lower prices.

For today’s session a higher opening bellows, but near the pivotal areas 1473.00, 2071.00 and 760.00 respectively should offer a good shorting opportunity for the early going, as a pullback to initial support should be seen as a buying opportunity; but if the indexes opens above those areas I will avoid shorts. If the market opens lower but above initial support I will be a buyer with thigh stops.

There is initial resistance at 1471.50-1473.50 on the EMINI SP futures and 2159.00-2161.00 on the EMINI NASDAQ futures. Those have to be broken and maintain in order to keep the trends up. If the markets succeed to maintain the buying pressure, they should be able to fill Monday’s gap left at the open at 1478.00-1479.00 on the EMINI SP futures and get to the pivotal 2071.00-2073.00 area on the EMINI NASDAQ futures. If those areas are reached, expect a 7-10 points pullback on the EMINI SP futures as many longs are trapped there, but if the markets succeed to break above them 1482.00-1483.00 on the EMINI SP futures and 2078.00-2079.00 on the EMINI NASDAQ futures could be seen by the end of the session.

We have strong support at yesterday’s late session lows at 1462.50-1461.00 on the EMINI SP futures and 2047.50-2045.75 on the EMINI NASDAQ futures. Those will have to hold or yesterday’s recovering rally will be on risk and a down day or consolidating day near the lows could be seen. If those area does not hold 1459.25-1458.00 on the EMINI SP futures and 2038.00-2036.75 are the next support levels. If those are tested and not reversed during the next 15 minutes, the odds are for a test of 1452.00-1450.00 on the EMINI SP futures and 2024.00-2023.00 on the EMINI NASDAQ futures.
For EMINI RUSSELL traders, the 760.00 area is a huge pivot point and breaking above this level could bring upside momentum to this index. GOOD LUCK



TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1482.00-1483.00 2078.00-2079.00 769.80-771.80
Resistance 2 1478.00-1479.00 2071.00-2073.00 764.00-765.90
Resistance 1 1471.50-1473.50 2059.00-2061.00 759.80-760.70
PIVOT 1464.00 2047.50 754.50
Support 1 1462.50-1461.00 2047.50-2045.75 752.20-751.80
Support 2 1459.25-1458.00 2038.00-2036.75 746.30-744.50
Support 3 1452.00-1450.00 2024.00-2023.00 732.20-730.90




S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1514.47 2349.28 794.73
1508.28 2337.72 789.67
1498.25 2319.00 781.50
1488.22 2300.28 773.33
1482.03 2288.72 768.27
1472.00 2270.00 760.10
1461.97 2251.28 751.93
1458.88 2245.50 749.40
1455.78 2239.72 746.87
1445.75 2221.00 738.70
1435.72 2202.28 730.53
1429.53 2190.72 725.47
1419.50 2172.00 717.30
1409.47 2153.28 709.13
1403.28 2141.72 704.07


DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1482.00 2078.00 769.80
AS DAILY LOW 1451.00 2024.50 745.80









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.[/QUOTE]

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 20 -December – 2007

ECONOMIC CALENDAR

8:30 AM GDP-final
8:30 AM Chain Deflator-final
8:30 AM Initial Claims
10:00 AM Leading Indicators
12:00 PM Philadelphia Fed

WEEKLY BULLS AND BEARS SENTIMENT
BULLS 36%
BEARS 33%

Morgan Stanley losses and negative outlooks for bond insurers weight heavily in yesterday session.

The EMINI SP futures opened flat for the session and rally just to our KEY RESISTANCE area at 1471.50-1473.00 during the first 15 minutes of trading. The index pulled back to 1467.50 where buyers stepped in and rallied to a new daily high at 1475.50. A 1-2-3- top on the EMINI NASDAQ futures just at our resistance levels and the rejection of the 761.80 on the EMINI RUSSELL futures were too much and all the indexes started to pullback. The EMINI SP futures tried hard to hold its gains at the 1470.00 area but the sellers gain the battle and the index fell to the first support level at 1462.50-1461.00. a feeble bounce to 1464.00 was met with selling and the index sold off from our pivot point to a new daily low at 1457.75. A few additional attempts at our 1464.00 pivot were rejected and the EMINI SP futures traded during the next two hour between 1458.50 and 1464.00. Finally the market broke down and the market tested the Globex lows at 1455.75. The successful test of this area resulted in a short covering rally that took the index back bellow our pivot point at 1463.00 and after holding strong at that level the index broke higher reaching once more the resistance area at 1471.50-1473.00. Unable to break above this KEY RESISTANCE area the EMINI SP futures backed off to close almost unchanged for the day.

The fact that during yesterday’s session the market was able to print a higher low as I was expecting should be seen as moderately bullish in front of tomorrow expiration and the upcoming holidays, but only moderately because the index is just consolidating the previous move down and there is still notorious weakness on the rally attempts.

Yesterday I wrote: “. I wouldn’t get too much bearish because if this rally is going to last for another 2-3 days or even until the first trading sessions of January, yesterday’s lows or a higher low during today’s session fall in the perfect timing for some king of recovery before the next big drop. Yesterday’s low formed a pivot pattern with an increase in buying volume and that indicates that those lows should hold at least for a few days, and if not a panic move could result in much lower prices. For today’s session a higher opening bellows, but near the pivotal areas 1473.00, 2071.00 and 760.00 respectively should offer a good shorting opportunity for the early going, as a pullback to initial support should be seen as a buying opportunity.” The conclusion is obvious; the index behavior was as expected.

Despite the strong resistance and the weakness on the EMINI NASDAQ futures, I do expect the markets to make an additional attempt to break higher, and with some important economic data to be released between today and tomorrow, and the trimester expiration, volatility should continue.

If this move will continue to consolidate, we can expect two sides action during today’s trading session. On an upside move wait for the rallies to lose steam near resistance and enter short with tight stops; and on the downside moves wait for support to get reached and enter longs all the time that yesterday’s lows are not broken. Look for this consolidation to continue until a clear breakout occurs.

For today’s session we have initial resistance at 1469.50-1471.50 on the EMINI SP futures and 2063.00-2065.00 on the EMINI NASDAQ futures, if those are exceeded a pop up to 1474.00-1475.00 on the EMINI SP futures and a test of the old highs at 2072.00-2074.00 on the EMINI NASDAQ futures will be seen. If those areas are exceeded, the EMINI SP futures should be able to close fill the gap at 1479.00-1480.50 while the EMINI NASDAQ futures would be posting the first positive session in the last week reaching the 2080.00-2082.00 area.

There is initial support at 1462.00-1461.00 on the EMINI SP futures and 2051.00-2050.00 on the EMINI NASDAQ futures. If the markets trades bellow those areas, a test of yesterday’s lows at 1456.00-1455.00 on the EMINI SP futures and 2042.00-2040.00 on the EMINI NASDAQ futures could be seen before a rebound. Those areas will have to hold any selling pressure, so if they are tested they should be immediately reversed and a very good rally can start at those lows. But if the market does not rally from there, 1450.00-1448.00 on the EMINI SP futures and 2028.00-2026.00 are the only support areas before this two day bull-consolidation move can be named as a countertrend move on a strong downtrend pattern.

For the EMINI RUSSELL futures traders, yesterday’s action is encouraging, and two consecutive closes above the KEY PIVOT 760.00 area could indicate a move to 775.00 during the coming sessions. GOOD LUCK

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1479.00-1480.50 2080.00-2082.00 771.80-773.50
Resistance 2 1474.00-1475.00 2072.00-2074.00 768.10-769.60
Resistance 1 1469.50-1471.50 2063.00-2065.00 765.20-766.00
PIVOT 1465.00 2054.50 760.20
Support 1 1462.00-1461.00 2051.00-2050.00 757.50-755.70
Support 2 1456.00-1455.00 2042.00-2040.00 749.00-747.40
Support 3 1450.00-1448.00 2028.00-2026.00 744.20-743.00

S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1496.98 2099.52 779.57
1493.27 2093.98 777.13
1487.25 2085.00 773.20
1481.23 2076.02 769.27
1477.52 2070.48 766.83
1471.50 2061.50 762.90
1465.48 2052.52 758.97
1463.63 2049.75 757.75
1461.77 2046.98 756.53
1455.75 2038.00 752.60
1449.73 2029.02 748.67
1446.02 2023.48 746.23
1440.00 2014.50 742.30
1433.98 2005.52 738.37
1430.27 1999.98 735.93


DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1473.00 2072.00 771.50
AS DAILY LOW 1450.50 2048.00 757.50





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.
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.

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 21 -December – 2007

ECONOMIC CALENDAR

8:30 AM Personal Income
8:30 AM Personal Spending
8:30 AM Core PCE Inflation
10:00 AM Michigan Sentiment-rev

Oracle earnings and GDP final revision as expected and signs of a weakening economy resulted on a volatile session with a positive close.

The EMINI SP futures opened higher just at our resistance level 1474.00-1475.00 area. The printed early high at 1475.00 was immediately sold reaching 1463.00 and closing the gap left at the open. After bouncing back to the 1468.00 area but without showing any buying momentum, the index was sold to new lows reaching 1458.00. Another attempt to trade above our updated intraday resistance at 1464.00 failed pushing the index to test its daily lows and printing a marginal new low at 1457.50. Buyers stepped in following the resilience on the EMINI NASDAQ futures and once the EMINI SP futures broke above the 1464.00 the rally got its foot going reaching our objective at 1472.00, a pullback to our 1466.00 support area was met with strong buying driving the index to close at the daily highs.The EMINI NASDAQ futures showed its muscles and closed at new highs, while the EMINI RUSSELL got to our objective at 775.00.

Yesterday I wrote: “I wouldn’t get too much bearish because if this rally is going to last for another 2-3 days or even until the first trading sessions of January, yesterday’s lows or a higher low during today’s session fall in the perfect timing for some king of recovery; I do expect the markets to make an additional attempt to break higher; For the EMINI RUSSELL futures traders, yesterday’s action is encouraging, and two consecutive closes above the KEY PIVOT 760.00 area could indicate a move to 775.00.”

All The indexes were up today with the EMINI NASDAQ futures showing a strong day. The strong probability of starting a directional movement early in to January would be enhanced with a strong move into that time window, but the way the market is reaching once more complacent readings as well as the decline on the VIX.X and this late up move that looks parabolic, could make hard to maintain the rhythm and trade strong for the next couple of weeks; and if that happens, it will only open the door for another strong fall in the beginning of next year.

I was calling for a low early this week in anticipation of today’s option expiration and the next holiday week, and I quoted that finding that low could result in a 11-13 days rally, and I think that it is still possible, regardless of the fast way in which the market is consuming the fuel in the tank, but to give credibility to this scenario, the indexes will have to hold during the next three days.

Yesterday’s close are positive, up trends in all the indexes and the Personal spending and earnings data to be release before the market opens and the option’s expiration happens will probably push the markets higher, it happens 8 of 10 times on the trimester expiration cycle, so be ready to sell early strength once the move stalls and the pullback begins, this trade could be a very good short as the market will probably try to fill as yesterday the opening gap; the first sizeable pullback should be a buying opportunity if the markets are set to close positively the week.

We have initial resistance at above yesterday’s highs at 1476.50-1477.50 on the EMINI SP futures and 2106.00-2108.00 on the EMINI NASDAQ futures, if those are exceeded the next obstacles are at 1479.00-1480.50 on the EMINI SP futures and 2118.00-2120.00 on the EMINI NASDAQ futures. If those areas are not sold, the EMINI SP futures will reach probably the 1484.25-1486.50 while the EMINI NASDAQ futures would be breaking above the weekly pivot and testing the waters at 2130.00-2132.00. If this melt up parabolic move ends there, we could trade lower early next week, but if the EMINI SP futures close above 1487.50, there is a chance that this rally will continue.

There is initial support at 1473.00-1471.00 on the EMINI SP futures and 2092.00-2090.00 on the EMINI NASDAQ futures, if those are tested and hold after a strong opening they could result in a good rally, but if those don’t induce buying a test of yesterday’s swing lows at 1466.00-1465.00 on the EMINI SP futures and 2082.00-2080.00 on the EMINI NASDAQ futures MUST hold if this seasonal rally will continue. If those fail, 1463.00-1461.00 on the EMINI SP futures and 2072.00-2070.00 on the EMINI NASDAQ futures are the last support before the markets stand in front of a serious profit taking move.
For the EMINI RUSSELL traders, I wrote yesterday:” two consecutive closes above the KEY PIVOT 760.00 area could indicate a move to 775.00 during the coming sessions”; that objective has been reached and the move could reach the 790.00-795.00 area before this move comes to an end.

Be careful after the first couple of hours as I expect volume to decline and traders to close the week early as they get ready for the holidays. GOOD LUCK

DUE TO THE CHRISTMAS HOLIDAY THE NEXT UPDATE WILL BE NEXT WEDNESDAY DECEMBER 26th.
MY BEST WISHES FOR YOU AND YOUR FAMILIES ENJOY YOUR HOLIDAYS AND HAVE A HAPPY CHRISTMAS.

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1484.25-1486.50 2130.00-2132.00 787.00-787.70
Resistance 2 1479.00-1480.50 2118.00-2120.00 781.00-782.40
Resistance 1 1476.50-1477.50 2106.00-2108.00 776.90-778.90
PIVOT 1471.50 2089.00 768.90
Support 1 1473.00-1471.00 2092.00-2090.00 768.00-766.50
Support 2 1466.00-1465.00 2082.00-2080.00 762.80-760.40
Support 3 1463.00-1461.00 2072.00-2070.00 755.90-754.90​

S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1503.32 2156.25 811.10
1499.19 2147.75 805.90
1492.50 2134.00 797.50
1485.82 2120.25 789.10
1481.69 2111.75 783.90
1475.00 2098.00 775.50
1468.32 2084.25 767.10
1466.25 2080.00 764.50
1464.19 2075.75 761.90
1457.50 2062.00 753.50
1450.82 2048.25 745.10
1446.69 2039.75 739.90
1440.00 2026.00 731.50
1433.32 2012.25 723.10
1429.19 2003.75 717.90​

DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1483.50 2124.00 786.20
AS DAILY LOW 1466.25 2076.00 764.20​

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.[/QUOTE]

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 26 -December – 2007

WEEKLY PIVOTS FOR WEEK ENDING 28 –DECEMBER -2007

R3 1534.50
R2 1527.00
R1 1516.50
PP 1502.75
S1 1493.00
S2 1481.00
S3 1462.00

WEEKLY RECAP

The markets opened strongly on Monday but were reversed as continued concerns about growth and credit beat a new Fed effort to inject liquidity in to the markets. In a continue injection of liquidity, the ECB surprised the markets with the announcement of a $500 billion injection into the banking system, and an early sell off was reversed in a “V” bottom placing the weekly low at 1446.00 on the EMINI SP futures; Goldman Sacks stellar numbers helped to push stocks higher. The indexes consolidated the move from the lows during Wednesday creating the bullish set up that we were expecting since we call a possible bottom during the first two days of last week. The slightly bullish consolidation move continued during Thursday when the leading EMINI NASDAQ futures pushed by Oracle started the seasonal Santa Claus rally.

The bullish pattern was defined with a huge gap up for Friday’s trading session after Merrill Lynch announced an infusion of up to $6.2 billion and the spending numbers came out better than expected giving to the retailers a non anticipated relief. The opening gap was followed by a cigar pattern that was broken to the upside and on a strongly bullish day the indexes closed almost at their highs.

The fact that the markets moved higher during last week was predictable. The seasonal rally that is taking place at the end of the year has driven prices up in the past about 3% and it should continue as it was proven during last Monday’s shortened holiday session when the EMINI SP futures opened a couple of points up and after testing the waters just bellow the 1500 area propelled higher to the 1507.00 area. A 4 points pullback to 1503.50 was bought and I a typical pre-holiday low volume session the index rallied to new highs reaching 1509.75 before backing off in to the close.

This positive bias in all the markets may continue as expectation of strong end of year demand could help mitigate the persisting fears in the banking sector. Despite the fact the VIX.X made a strong move to the downside, I don’t see the markets reversing this end of year uptrend, and every pullback should be seen as a buying opportunity extending this rally in to early January where an exhaustion pattern should result in selling pressure.

For today’s session, if the market open strong look for the early move to stall after the first 20 minutes of trading, a pullback could take the EMINI SP futures down to the 1498.00 area, but don’t overstay with your short position as the markets are on an uptrend and trading at that price should be seen as a buying opportunity. In case that the markets open lower try to get long around support or when they make the move back in to positive territory.

We have initial resistance at 1509.00-1510.50 on the EMINI SP futures and 2149.00-2152.00 on the EMINI NASDAQ futures, if the markets are strong, those should be sliced on the first or second attempt driving prices higher to 1514.50-1515.50 on the EMINI SP futures and 2162.00-2163.00 on the EMINI NASDAQ futures. If those does not stop the daily move, a test of 1518.00-1519.00 on the EMINI SP futures and 2169.00-2172.00 on the EMINI NASDAQ futures could be in the cards before a pullback is seen. The 1518.50 level on the EMINI SP futures coincide with the 61.8 Fibonacci retracement from the all time highs to the November lows, and that area or a few points above it should offer strong resistance.

There is a very strong pivot level at 1503.75 on the EMINI SP futures and 2144.00 on the EMINI NASDAQ futures.

Initial support is at 1499.00-1498.00 on the EMINI SP futures and 2134.00-2132.00 on the EMINI NASDAQ futures, if those are tested and hold the selling pressure, they offer a GREAT buying opportunity for a 14-16 move up. If those do not hold, a second long entry could be placed around 1494.00-1493.00 on the EMINI SP futures and 2124.00-2123.00 on the EMINI NASDAQ futures. If those areas are reached and the markets does not reversed immediately a test of 1488.00-1487.00 on the EMINI SP futures and 2107.00-2105.00 on the EMINI NASDAQ futures will be seen before the end of year rally pick up once more.

For EMINI RUSSELL traders, I wrote that the fact that the index closed above the 760.00 area was extremely bullish and I think that once the index closes above the 810.00 level, only 810.00 will be an obstacle before we see 830.00 for this index. GOOD LUCK

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1518.00-1519.00 2169.00-2172.00 810.20-810.90
Resistance 2 1514.00-1515.50 2162.00-2163.00 802.80-803.30
Resistance 1 1509.00-1510.50 2149.00-2152.00 798.30-799.30
PIVOT 1503.75 2144.00 795.40
Support 1 1499.00-1498.00 2134.00-2132.00 791.90-790.90
Support 2 1494.00-1493.00 2124.00-2123.00 788.00-786.40
Support 3 1488.00-1487.00 2107.00-2105.00 781.10-780.60

S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1526.33 2187.05 811.77
1523.92 2182.45 810.03
1520.00 2175.00 807.20
1516.08 2167.55 804.37
1513.67 2162.95 802.63
1509.75 2155.50 799.80
1505.83 2148.05 796.97
1504.63 2145.75 796.10
1503.42 2143.45 795.23
1499.50 2136.00 792.40
1495.58 2128.55 789.57
1493.17 2123.95 787.83
1489.25 2116.50 785.00
1485.33 2109.05 782.17
1482.92 2104.45 780.43


DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1515.75 2166.00 803.40
AS DAILY LOW 1499.25 2139.50 793.40​

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.
Copyright © by theminitrade.com
Index Futures Information Services - Emini Trading Advisory and Trading Alerts | TheMiniTrade.com

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 27 -December – 2007


ECONOMIC CALENDAR
8:30 AM Durable Orders
8:30 AM Initial Claims
10:00 AM Consumer Confidence

WEEKLY BULLS AND BEARS SENTIMENT
BULLS 34%
BEARS 36%

Weak holiday sales, a jump in oil prices and Merrill ready to write down more than $7 billion held stocks moderately lower during the first half of the day.

After posting a 1508.75 high during the Globex session, the EMINI SP futures opened lower as a result of weaker than expected holiday sales. The index gaped down at the opening to the 1502.00 area; after bouncing back to just bellow our pivot level, sellers came in and the EMINI SP futures printed its daily low at 1499.25. A rally attempt took the index up to 1504.25 but the lack of volume and momentum did not create the conditions for the rally to continue up to Monday’s settlement price.

In an extremely quite session, the EMINI SP futures traded on the 1502.00-1504.00 range for the next two hours while the EMINI NASDAQ futures held around settlement.
As I wrote on one of my intraday updates: “the longer the markets hold above the opening lows, greater the chance for a late rally, or at least a test of the Globex highs. The EMINI NASDAQ and RUSSELL futures keep holding nicely”. After building a base the markets finally broke up and reached 1507.50 on the EMINI SP futures, 2156.00 on the EMINI NASDAQ futures and 800.90 on the EMINI RUSSELL futures. A small pullback was bought and all the indexes moved higher. The EMINI SP futures reached 1511.00, the EMINI NASDAQ futures 2164.25 and the EMINI RUSSELL futures got to 804.70. All the indexes backed off for the closing bell.

The volume has been horrendous and not many traders are around as most of them will be out until January 7th, and this lack of volume creates the conditions to see buying continuation, despite the fact that the indexes has reached resistance levels and there is a lot of complacency on the markets.

This uptrend should continue at least during the next 5-6 sessions. The consolidations at the highs seen on the EMINI SP futures and on the DOW cash are bullish and this directional move should continue all the time that the EMINI SP futures holds above the 1494.00-1493.00 area and the DOW cash is above the 13450. A move to 2195.00 on the EMINI NASDAQ futures which is the 78.6 Fibonacci retracement from the November lows is widely expected and this will coincide with the 1535.00-1540.00 area on the EMINI SP futures, 13800 on the DOW cash and 828.00 on the EMINI RUSSELL futures. Then, this areas will place the uptrend in risk as a head and shoulders pattern will be seen in all the indexes.

Under this seasonal bullish scenario, regardless the opportunities of short entries, the medium term trend should favor the long positions.

Today, we get a few economic data numbers that should increase the volatility in the markets, particularly the Consumer Confidence numbers and if the market falls in to, o after the announcement I would try to get long near my support areas.

On a higher opening look to get short near initial resistance at 1511.75-1512.75 on the EMINI SP futures ,2164.00-2166.00 on the EMINI NASDAQ futures and 802.40-803.50 on the EMINI RUSSELL futures. If the market opens near those levels reacting well to resistance a 7-9 points pullback could be seen on the EMINI SP futures, but if those areas are broken 1518.00-1519.00, 2171.50-2173.00 and 807.10-808.00 respectively should be tested. If the indexes hold around those highs a move to 1525.00-1526.50 on the EMINI SP futures, 2180.00-2182.00 on the EMINI NASDAQ futures and 812.20-813.70 on the EMINI RUSSELL futures could be seen before the day is over.

On a move to the downside the EMINI SP futures should find support around its pivot levels at 1506.50-1505.25, while the EMINI NASDAQ futures at 2145.00-2143.00 and the EMINI RUSSELL at 795.70-794.50. If those hold or get broken but immediately reversed to the upside try to get long once the indexes trade above our pivot levels as a very good buying opportunity could take place at those levels.

If those areas do not hold, a test of yesterday’s lows at 1502.25-1501.50 on the EMINI SP futures, 2139.00-2138.00 on the EMINI NASDAQ futures and 791.00-789.50 on the EMINI RUSSELL futures MUST be pivotal. If the market can not rally from those areas, then the pullback on this short term uptrend could continue to 1494.00-1493.00, 2129.00-2127.00 and 783.30-782.00 respectively. Please keep in mind that normally this is a bullish week for the markets and I don’t think this year is the exception.
Remember that today I won’t be able to post intraday updates. GOOD LUCK.

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1525.00-1526.50 2180.00-2182.00 812.20-813.70
Resistance 2 1518.00-1519.00 2171.50-2173.00 807.10-808.00
Resistance 1 1511.75-1512.75 2164.00-2166.00 802.40-803.50
PIVOT 1506.50 2154.50 795.10
Support 1 1506.50-1505.25 2145.00-2143.00 795.70-794.50
Support 2 1502.25-1501.50 2139.00-2138.00 791.00-789.50
Support 3 1494.00-1493.00 2129.00-2127.00 783.30-782.00




FIBONACCI FIBONACCI FIBONACCI
1529.61 2206.72 823.15
1526.89 2200.53 820.45
1522.50 2190.50 816.10
1518.11 2180.47 811.75
1515.39 2174.28 809.05
1511.00 2164.25 804.70
1506.61 2154.22 800.35
1505.25 2151.13 799.00
1503.89 2148.03 797.65
1499.50 2138.00 793.30
1495.11 2127.97 788.95
1492.39 2121.78 786.25
1488.00 2111.75 781.90
1483.61 2101.72 777.55
1480.89 2095.53 774.85


DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1518.25 2176.00 808.80
AS DAILY LOW 1504.50 2148.50 797.40​

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.
Copyright © by theminitrade.com

 

[karmit]

Do you realise that the markets fell 200+ points since your "long" update? (thankfully I was on the right side!)

DAILY TRADING ADVISORY 27 -December – 2007


ECONOMIC CALENDAR
8:30 AM Durable Orders
8:30 AM Initial Claims
10:00 AM Consumer Confidence

WEEKLY BULLS AND BEARS SENTIMENT
BULLS 34%
BEARS 36%

Weak holiday sales, a jump in oil prices and Merrill ready to write down more than $7 billion held stocks moderately lower during the first half of the day.

After posting a 1508.75 high during the Globex session, the EMINI SP futures opened lower as a result of weaker than expected holiday sales. The index gaped down at the opening to the 1502.00 area; after bouncing back to just bellow our pivot level, sellers came in and the EMINI SP futures printed its daily low at 1499.25. A rally attempt took the index up to 1504.25 but the lack of volume and momentum did not create the conditions for the rally to continue up to Monday’s settlement price.

In an extremely quite session, the EMINI SP futures traded on the 1502.00-1504.00 range for the next two hours while the EMINI NASDAQ futures held around settlement.
As I wrote on one of my intraday updates: “the longer the markets hold above the opening lows, greater the chance for a late rally, or at least a test of the Globex highs. The EMINI NASDAQ and RUSSELL futures keep holding nicely”. After building a base the markets finally broke up and reached 1507.50 on the EMINI SP futures, 2156.00 on the EMINI NASDAQ futures and 800.90 on the EMINI RUSSELL futures. A small pullback was bought and all the indexes moved higher. The EMINI SP futures reached 1511.00, the EMINI NASDAQ futures 2164.25 and the EMINI RUSSELL futures got to 804.70. All the indexes backed off for the closing bell.

The volume has been horrendous and not many traders are around as most of them will be out until January 7th, and this lack of volume creates the conditions to see buying continuation, despite the fact that the indexes has reached resistance levels and there is a lot of complacency on the markets.

This uptrend should continue at least during the next 5-6 sessions. The consolidations at the highs seen on the EMINI SP futures and on the DOW cash are bullish and this directional move should continue all the time that the EMINI SP futures holds above the 1494.00-1493.00 area and the DOW cash is above the 13450. A move to 2195.00 on the EMINI NASDAQ futures which is the 78.6 Fibonacci retracement from the November lows is widely expected and this will coincide with the 1535.00-1540.00 area on the EMINI SP futures, 13800 on the DOW cash and 828.00 on the EMINI RUSSELL futures. Then, this areas will place the uptrend in risk as a head and shoulders pattern will be seen in all the indexes.

Under this seasonal bullish scenario, regardless the opportunities of short entries, the medium term trend should favor the long positions.

Today, we get a few economic data numbers that should increase the volatility in the markets, particularly the Consumer Confidence numbers and if the market falls in to, o after the announcement I would try to get long near my support areas.

On a higher opening look to get short near initial resistance at 1511.75-1512.75 on the EMINI SP futures ,2164.00-2166.00 on the EMINI NASDAQ futures and 802.40-803.50 on the EMINI RUSSELL futures. If the market opens near those levels reacting well to resistance a 7-9 points pullback could be seen on the EMINI SP futures, but if those areas are broken 1518.00-1519.00, 2171.50-2173.00 and 807.10-808.00 respectively should be tested. If the indexes hold around those highs a move to 1525.00-1526.50 on the EMINI SP futures, 2180.00-2182.00 on the EMINI NASDAQ futures and 812.20-813.70 on the EMINI RUSSELL futures could be seen before the day is over.

On a move to the downside the EMINI SP futures should find support around its pivot levels at 1506.50-1505.25, while the EMINI NASDAQ futures at 2145.00-2143.00 and the EMINI RUSSELL at 795.70-794.50. If those hold or get broken but immediately reversed to the upside try to get long once the indexes trade above our pivot levels as a very good buying opportunity could take place at those levels.

If those areas do not hold, a test of yesterday’s lows at 1502.25-1501.50 on the EMINI SP futures, 2139.00-2138.00 on the EMINI NASDAQ futures and 791.00-789.50 on the EMINI RUSSELL futures MUST be pivotal. If the market can not rally from those areas, then the pullback on this short term uptrend could continue to 1494.00-1493.00, 2129.00-2127.00 and 783.30-782.00 respectively. Please keep in mind that normally this is a bullish week for the markets and I don’t think this year is the exception.
Remember that today I won’t be able to post intraday updates. GOOD LUCK.

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1525.00-1526.50 2180.00-2182.00 812.20-813.70
Resistance 2 1518.00-1519.00 2171.50-2173.00 807.10-808.00
Resistance 1 1511.75-1512.75 2164.00-2166.00 802.40-803.50
PIVOT 1506.50 2154.50 795.10
Support 1 1506.50-1505.25 2145.00-2143.00 795.70-794.50
Support 2 1502.25-1501.50 2139.00-2138.00 791.00-789.50
Support 3 1494.00-1493.00 2129.00-2127.00 783.30-782.00




FIBONACCI FIBONACCI FIBONACCI
1529.61 2206.72 823.15
1526.89 2200.53 820.45
1522.50 2190.50 816.10
1518.11 2180.47 811.75
1515.39 2174.28 809.05
1511.00 2164.25 804.70
1506.61 2154.22 800.35
1505.25 2151.13 799.00
1503.89 2148.03 797.65
1499.50 2138.00 793.30
1495.11 2127.97 788.95
1492.39 2121.78 786.25
1488.00 2111.75 781.90
1483.61 2101.72 777.55
1480.89 2095.53 774.85


DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1518.25 2176.00 808.80
AS DAILY LOW 1504.50 2148.50 797.40​

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.
Copyright © by theminitrade.com

 

[arturo1]

Daily Trading Advisory

TRADING DAILY ADVISORY 28 -December – 2007

ECONOMIC CALENDAR

9:45 AM Chicago PMI
10:00 AM Existing Home Sales
10:00 AM New Home Sales

Goldman Sachs suggesting a number of Wall Street banks may produce larger than previously anticipated write-downs, the assassination of a former Pakistani Prime Minister Benazir Bhutto and a durable goods orders report considered disappointing resulted in a steadily sell off in all of the indexes.

The indexes were in position to open higher for most of the Globex (pre-market) session till news of the assassination of the Pakistani position leader created a bearish sentiment for all of the session. The major indexes had a bearish bias throughout the trading day on Thursday and finished near their worst levels of the session but above fair value.

The EMINI SP futures opened bellow our important 1506.50 pivot level and never looked back. The weaker opening was able to gain downside momentum and a few attempts to hold above our initial support resulted on a 1-2-3 double top pattern that was resolved to the downside. After holding at 1497.00 for one hour the index made a new low reaching the 1490.00 area. A short covering move took the index back bellow our updated resistance just to be sold gradually in to the end of the session.
We came in to Thursday’s session looking to be buyers after the first hour, and once the market would reverse from lower prices get aboard the train above the pivot points, this scenario never came true.

The end of the month should bring buying activity in a thin and extremely low volume session as traders will be leaving after the first two hours of trading. I don’t think that yesterday’s sell off will continue during today’s session but together with this, the political events should keep traders nervous about holding a long position during this weekend. Despite this the best opportunities should be on the buy side ALL THE TIME that yesterday’s lows hold.

We have initial resistance at 1494.50-1495.50 on the EMINI SP futures, 2138.75-2140.50 on the EMINI NASDAQ futures and 784.00-785.20 on the EMINI RUSSELL futures. If those are broken and hold in particular after the first two hours of trading, once the volume gets extremely light could result in an uptrend day. The next resistance levels are at 1504.00-1505.50 on the EMINI SP futures, 2148.00-2150.00 on the EMINI NASDAQ futures and 789.00-790.50 on the EMINI RUSSELL futures. It will be difficult for the markets to break above them, but if t5hey do, the next hurdles will be at 1508.00-1509.00 on the EMINI SP futures, 2156.00-2158.00 on the EMINI NASDAQ futures and 794.50-796.30 on the EMINI RUSSELL futures.

Initial support is near yesterday’s lows at 1487.50-1486.25 on the EMINI SP futures, 2127.50-2126.00 on the EMINI NASDAQ futures and 778.00-776.50 on the EMINI RUSSELL futures. If those levels are tested during the first one hour of trading and hold, they should be a good buying opportunity, if those does not hold, 1482.50-1481.50 on the EMINI SP futures, 2120.00-2118.00 on the EMINI NASDAQ futures and 773.30-772.50 on the EMINI NASDAQ futures, MUST hold in order to maintain this end of year rally. If those are not bought the indexes could drop to 1478.00-1477.00, 2109.00-2108.00 and 766.00-765.40 respectively.

Irrespective of next Monday probable ultra light volume session, I will post a brief report.
I want to thanks to all our subscribers for your confidence and for being part of our loyal readers and I wish to you and your beloved ones a HAPPY NEW YEAR.

THANKS AND GOOD LUCK, Arthur Stern.

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1508.00-1509.00 2156.00-2158.00 794.50-796.30
Resistance 2 1504.00-1505.50 2148.00-2150.00 789.00-790.50
Resistance 1 1494.50-1495.50 2138.75-2140.50 784.00-785.20
PIVOT 1492.75 2140.50 795.40
Support 1 1487.50-1486.25 2127.50-2126.00 778.00-776.50
Support 2 1482.50-1481.50 2120.00-2118.00 773.30-772.50
Support 3 1478.00-1477.00 2109.00-2108.00 766.00-765.40


S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1533.93 2189.05 823.15
1529.57 2184.45 820.45
1522.50 2177.00 816.10
1515.43 2169.55 811.75
1511.07 2164.95 809.05
1504.00 2157.50 804.70
1496.93 2150.05 800.35
1494.75 2147.75 799.00
1492.57 2145.45 797.65
1485.50 2138.00 793.30
1478.43 2130.55 788.95
1474.07 2125.95 786.25
1467.00 2118.50 781.90
1459.93 2111.05 777.55
1455.57 2106.45 774.85


DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1500.75 2148.00 791.40
AS DAILY LOW 1474.00 2108.50 765.70​

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.
Copyright © by theminitrade.com

 

[Silversea]

In Ref. to this Advisory

What time is it available for East Coast subscribers?

Thanks for the email, was busy setting up my new winPro , and forgot all about it.

 

[arturo1]

Daily Tradingv Advisory

DAILY TRADING ADVISORY 31 -December – 2007

WEEKLY PIVOTS FOR WEEK ENDING 04 –JANUARY-2008

R3 1522.50
R2 1513.25
R1 1502.00
PP 1492.50
S1 1482.75
S2 1474.00
S3 1462.50

WEEKLY RECAP
The markets opened strongly on Monday and held above the 1500.00 level on the EMINI SP futures guided by the Merrill Lynch news about a $6.2 billion capital injection easing concerns about liquidity in the financial sector. It was an uptrend day with extremely low volumes. Upon returning from Christmas holiday on Wednesday, a lower opening was reversed and the main index closed almost unchanged despite the weakness expected in the retail sector. On Thursday’s pre-session, what it seemed to be a strong opening was reversed by the news of the assassination of Pakistani opposition leader Benazir Butho and the lower than expected rise in the November durable orders report, and resulting in a 20 points drop on the EMINI SP futures and 190 points on the DOW CASH which closed bellow its important 13450 pivot level. Another gap up on Friday’s opening was reversed forcing the EMINI SP futures to test our 1481.00 weekly support # 2 level after a government report confirmed the ongoing weakness in the housing sector.

The weakness seen on the EMINI RUSSELL futures on Friday’s session was notorious and had a heavy impact on the EMINI SP futures which couldn’t break above intraday resistance. The EMINI SP futures closed the week bellow fair value.

End of month has the tendency to be a bullish day and according to the Trader’s Almanac the first trading day of January has been an up day almost every year, but to be able to get back on the uptrend the indices will have to break above Friday’s intraday resistance and hold any kind of pullback.

Trading is expected to be very light and that could favor the upside once the initial resistance levels get broken. But until that takes place, the indices would be range bounded or exposed to further losses.

We have initial resistance at 1488.50-1489.50 on the EMINI SP futures, 2128.00-2131.00 on the EMINI NASDAQ futures and 774.70-776.20 on the EMINI RUSSELL futures. Those areas were rejected on Friday’s rally attempt and only sustainable trading above them will turn the trends up, if those are broken and hold on a pullback, the trends could be up until the end of the session. If that is the case, the next resistance levels are at 1491.50-1492.50 on the EMINI SP futures, 2134.25-2135.50 on the EMINI NASDAQ futures and 781.10-782.00 on the EMIN I RUSSELL futures. These areas are not easy to be exceeded, and a lot of stop orders are hanging around there, so if the market succeed to slice above them, an increase in upside momentum could drove the indexes to the next resistance areas at 1497.50-1498.50 on the EMINI SP futures, 2143.50-2144.50 on the EMINI NASDAQ futures and 788.00-789.00 on the EMINI RUSSELL futures. If this occurs, probably the objective will be to print on the charts the psychological 1500.00 level on the EMINI SP futures, 2150.00 on the EMINI NASDAQ futures and 13500 on the DOW CASH.

There is strong support bellow Friday’s close at 1483.50-1481.50 on the EMINI SP futures, 2121.50-2119.50 on the EMINI NASDAQ futures and 772.00-770.50 on the EMINI RUSSELL futures. If those are tested on the early going I will go long with tight stops with an initial profit objective of 6-7 points on the EMINI SP futures. If those do not hold the selling pressure, KEY support areas are at 1479.00-1478.00 on the EMINI SP futures, 2109.00-2108.00 on the EMINI NASDAQ futures and 768.00-766.50 on the EMINI RUSSELL futures. Those areas are extremely important if the market has a chance to end the session higher, and if the downside pressure disappears there, I will take a second chance on the long side; but if those are tested and not immediately reversed, then the EMINI SP futures should drop to the 1473.50-1472.50 area while the EMINI NASDAQ futures could be testing 2096.00-2094.00 and the EMINI RUSSELL futures its IMPORTANT SWING support at 762.60-761.00. GOOD LUCK.

I WISH TO ALL MY READERS AND SUBSCRIBERS A HAPPY NEW YEAR.

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1497.50-1498.50 2143.50-2144.50 788.00-789.00
Resistance 2 1491.50-1492.50 2134.25-2135.50 781.10-782.00
Resistance 1 1488.50-1489.50 2128.00-2131.00 775.50-776.20
PIVOT 1489.75 2127.50 773.50
Support 1 1483.50-1481.50 2121.50-2119.50 772.00-770.50
Support 2 1479.00-1478.00 2109.00-2108.00 768.00-766.50
Support 3 1473.50-1472.50 2096.00-2094.00 762.60-761.00



S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1532.05 2160.93 810.96
1527.45 2156.57 807.54
1520.00 2149.50 802.00
1512.55 2142.43 796.46
1507.95 2138.07 793.04
1500.50 2131.00 787.50
1493.05 2123.93 781.96
1490.75 2121.75 780.25
1488.45 2119.57 778.54
1481.00 2112.50 773.00
1473.55 2105.43 767.46
1468.95 2101.07 764.04
1461.50 2094.00 758.50
1454.05 2086.93 752.96
1449.45 2082.57 749.54


DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1494.25 2135.75 789.00
AS DAILY LOW 1472.25 2101.50 765.30​

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.
Copyright © by theminitrade.com

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 2nd -January-2008


ECONOMIC CALENDAR

10:00 AM Construction Spending
10:00 AM ISM Index
2:00 PM FOMC Minutes

A lower opening in all the indexes triggered an early sell off bellow the support levels.
The EMINI SP futures opened at 1484.50 and were immediately sold to our first support area at 1479.00. A small bounce to 1482.75 resulted on a double top and after breaking the early lows the EMINI SP futures reached our KEY daily support at 1473.50 while the EMINI NASDAQ futures tested the 2105.00 and the EMINI RUSSELL futures made its low of the day at 762.20. The swing low on the EMINI RUSSELL futures and the 1-2-3 bottom on the EMINI SP futures on the 1473.50-1474.50 area resulted in a short covering rally that once it broke above our update resistance level at 1476.50 and the pivotal 1479.50 drove the indexes to test the opening highs at 1484.50 while the EMINI NASDAQ futures made a lower high at 2121.00 and the EMINI RUSSELL futures printed a strong new high for the day at 773.70. Our update called for the rally to continue all the time that the EMINI SP futures could hold the pivotal 1479.50, but once that level was broken the futures collapsed making new lows for the day at 1471.00 on the EMINI SP futures and 2101.00 on the EMINI NASDAQ futures.

Despite the neutral to bullish bias that the first trading day of the year usually has, the markets has been acting poorly and every higher opening or rally attempt has been met with heavy selling, and until-unless last Monday’s highs are broken to the upside the indexes remains vulnerable and maybe ready for a continued erosion. The EMINI SP continues to trade between a large triangle ranges which remain our long term primary focus and as we approach the lower support band the risk of failing to hold above it could result in a test of our weekly support at 1462.50 or lower.

The day is full of economic data with the climax at 2 PM with the release of the FOMC minutes. I want to remind my readers that the last time we had the FOMC meeting the markets reacted with very strong selling, so I would recommend to light your positions in front of the announcement.

For today’s trading session, a flat opening could result in a rally attempt, but unless the market hammer our pivot point at 1478.50 and hold it on a pullback the selling pressure must be there at least for today’s session. If the market opens lower and holds above our 1469.25-1467.50 it could set up a good long for at least a 7-8 points move to the upside, but don’t overstay with your long positions as the increasing volatility could result in wild swings, so tight your stops on any long.

We have initial resistance at our pivot points which are the turning points for today’s session, if the markets trades above them, the first resistance area are at 1482.00-1483.00 on the EMINI SP futures, 2112.00-2113.00 on the EMINI NASDAQ futures and 776.20-777.90 on the EMINI RUSSELL futures. Those areas are tough resistance levels and only if the market is on a buy mood they will be easily cut through, if that happens, the next hurdles are at 1487.25-1488.50 on the EMINI SP futures, 2119.50-2121.25 on the EMINI NASDAQ futures and 781.00-783.50 on the EMINI RUSSELL futures. If the move does get there and stalls, we could see another fast drop to the 1478.00 area on the EMINI SP futures, but if they hold we could be testing the 1493.50-1495.00 on the EMINI SP futures, 2134.25-2136.50 on the EMINI NASDAQ futures and 790.70-791.40 on the EMINI RUSSELL futures by the end of the session.

On the downside, we have initial support at Friday’s lows at 1473.0-1471.50 on the EMINI SP futures, 2102.00-2099.50 on the EMINI NASDAQ futures and 768.00-767.50 on the EMINI RUSSELL futures. If those areas can hold on the early going, they could offer a good long entry with tight stops, but if they get cut through a test of the IMPORTANT KEY support at 1469.090-1467.50 on the EMINI SP futures, 2092.25-2090.00 on the EMINI NASDAQ futures and 763.50-762.20 on the EMINI RUSSELL futures will HAVE TO HOLD THE SELLING PRESSURE or the daily charts will be turning definitely bearish. If those areas are violated, a fast drop to our weekly support at 1463.25-1461.25, 2083.00-2081.00 and 756.50-755.90 respectively will be seen in this leg down before any oversold reading trigger a substantial short covering rally.

Two consecutive closes bellow the 1469.00 area on the EMINI SP futures and 760.00 on the EMINI RUSSELL futures will be clearly indications of lower prices for the next coming weeks. GOOD LUCK.

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1493.50-1495.00 2134.25-2136.50 790.70-791.40
Resistance 2 1487.25-1488.50 2119.50-2121.25 781.00-783.50
Resistance 1 1482.00-1483.00 2112.00-2113.00 776.20-777.90
PIVOT 1478.50 2108.50 770.20
Support 1 1473.00-1471.50 2102.00-2099.50 768.00-767.50
Support 2 1469.25-1467.50 2092.25-2090.00 763.50-762.20
Support 3 1463.25-1461.25 2083.00-2081.00 756.50-755.90



S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1507.65 2163.83 797.54
1504.35 2158.17 794.36
1499.00 2149.00 789.20
1493.65 2139.83 784.04
1490.35 2134.17 780.86
1485.00 2125.00 775.70
1479.65 2115.83 770.54
1478.00 2113.00 768.95
1476.35 2110.17 767.36
1471.00 2101.00 762.20
1465.65 2091.83 757.04
1462.35 2086.17 753.86
1457.00 2077.00 748.70
1451.65 2067.83 743.54
1448.35 2062.17 740.36


DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1488.00 2134.00 779.60
AS DAILY LOW 1465.25 2089.75 760.50​

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.
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.
Copyright © by theminitrade.com[/QUOTE]

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 03-January-2008


ECONOMIC CALENDAR

8:15 AM ADP Employment
8:30 AM Initial Claims
10:00 AM Factory Orders

ISM Index bellows 50 indicating economy contraction resulted in one of the worst “first trading day of the year” seen during the last 10 years.

The EMINI SP futures opened right at our pivot zone but once the ISM index data was released it was sold hard testing the KEY support area at 1469.25-1467.50. An attempt to hold the lows failed and the index traded lower braking bellow the weekly support area at 1463.25-1461.25. The notorious weakness on the EMINI NASDAQ futures was too much and the EMINI SP futures pushed to new lows before the FOMC minutes were released printing a low at 1451.25. A short covering rally turns the markets higher reaching 1466.50 on the EMINI SP futures, 2084.00 on the EMINI NASDAQ futures and 765.00 on the EMINI RUSSELL futures. The rally lost its momentum an once it broke bellow the updated support at 1455.50 it made new lows for the day at 1449.00 before bouncing back in to the close.

As I wrote yesterday: “Despite the neutral to bullish bias that the first trading day of the year usually has, the markets has been acting poorly and every higher opening or rally attempt has been met with heavy selling, and until-unless last Monday’s highs are broken to the upside the indexes remains vulnerable and maybe ready for a continued erosion. The EMINI SP continues to trade between a large triangle ranges which remain our long term primary focus and as we approach the lower support band the risk of failing to hold above it could result in a test of our weekly support at 1462.50 or lower.”

Yesterday heavy drop will have to be consolidated during today’s trading session, and it will be unusual to see another downtrend day as oversold extreme readings on the closing $TRIN has usually resulted in a good rally for the next trading session. All the time that the markets hold yesterday’s lows nothing bad happens, and the 1450.00 area on the EMINI SP futures has acted on past rallies as a strong pivot point. Despite these circumstances, there is a lot of damage on the daily charts and the markets will have to work hard to avoid another sell off.

The fact that the index has been sold the last 4 days should be consider as a first degree counter trend, but the huge move has been extremely strong and if the index can not rally more than one day the downtrend will be intact.

There is a chance that the markets could see some kind of recovery during today’s session but only breaking back above the 1477.00-1478.00 area on the EMINI SP futures will turn the trend into positive. A quiet uptrend session is the best that can happen to the market, if we get wild swing moves and the volatility does not contract the way to lower prices in the upcoming session is open. The reaction from yesterday’s lows looks critical in particular on the DOW CASH because a break bellows the 13000 level could result in a fast 200 points drop to the old low at 12800 or deeper.

On a lower opening the initial prices could offer a good long entrance with tight stops, but the first rally attempt should be met with selling pressure; if that selling pressure results on a successful test of the early lows a slow uptrend trading session could be seen. I wouldn’t run to sell a higher opening because if it happens I am not sure that the gap will be fill in today’s session.

For today’s trading session there is resistance just bellow the pivot level at 1460.50-1461.50 on the EMINI SP futures, 2078.00-2080.00 on the EMINI NASDAQ futures and the important 760.50-761.50 on the EMINI RUSSELL futures. If those are exceeded 1464.50-1465.50 on the EMINI SP futures, 2086.00-2088.00 on the EMINI NASDAQ futures and 763.90-765.20 on the EMINI RUSSELL futures must invite sellers, but if the markets push above them 1474.00-1475.00 on the EMINI SP futures, 2093.50-2096.00 on the EMINI NASDAQ futures and 768.50-769.50 could be seen before the market decides its next move.

We have initial support at 1455.50-1453.75 on the EMINI SP futures, 2065.00-2063.00 on the EMINI NASDAQ futures and 756.70-754.90 on the EMINI RUSSELL futures, if those don’t hold a test of yesterday’s lows at 1450.50-1448.75 on the EMINI SP futures 2053.00-2050.25 on the EMINI NASDAQ futures and 751.00-749.50 will have to bring buying interest or a spill down to the 1444.50-1443.00 on the EMINI SP futures, 2036.00-2033.00 on the EMINI NASDAQ futures and 745.50-745.00 on the EMINI RUSSELL futures will be printed before tomorrow’s unemployment data. GOOD LUCK

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1474.00-1475.00 2093.50-2096.00 768.50-769.50
Resistance 2 1464.50-1465.50 2086.00-2088.00 763.90-765.20
Resistance 1 1460.50-1461.50 2078.00-2080.00 760.50-761.50
PIVOT 1463.50 2081.00 760.90
Support 1 1455.50-1453.75 2065.00-2063.00 756.70-754.90
Support 2 1450.50-1448.75 2053.00-2050.25 751.00-749.50
Support 3 1444.50-1443.00 2036.00-2033.00 745.50-745.00



S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1528.85 2203.11 802.73
1521.65 2189.89 798.17
1510.00 2168.50 790.80
1498.35 2147.11 783.43
1491.15 2133.89 778.87
1479.50 2112.50 771.50
1467.85 2091.11 764.13
1464.25 2084.50 761.85
1460.65 2077.89 759.57
1449.00 2056.50 752.20
1437.35 2035.11 744.83
1430.15 2021.89 740.27
1418.50 2000.50 732.90
1406.85 1979.11 725.53
1399.65 1965.89 720.97


DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1470.50 2093.50 770.40
AS DAILY LOW 1435.75 2033.00 747.70​

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.
Copyright © by theminitrade.com

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 04-January-2008

ECONOMIC CALENDAR

8:30 AM Nonfarm Payrolls
8:30 AM Unemployment Rate
8:30 AM Hourly Earnings
8:30 Average workweek
10:00 ISM Services
12:00 Truck Sales
12:00 Auto Sales

WEEKLY BULLS AND BEARS SENTIMENT
BULLS 39%
BEARS 31%

ADP Employment data above expectations and a 1.5% increase in the Factory Orders report gave some relief on the equity markets despite higher crude oil prices.
After been trading higher in the pre-market session, the EMINI SP futures opened flat for the day and were immediately sold finding support just at our 1455.50-1553.75 area. The low was bought and rallied to 1463.50, just half point bellow the Globex highs. The move was rejected and the index drifted lower testing the 1455.50 area. A slow choppy move with a slightly upside bias drove the prices higher reaching 1464.75 on the EMINI SP futures,2082.00 on the EMINI NASDAQ futures and 760.80 on the EMINI RUSSELL futures. The failure of the EMINI RUSSELL to trade above its pivot level resulted in a serious pullback printing new lows on the EMINI RUSSELL at 746.60, 1451.00 on the EMINI SP futures and 2056.75 on the EMINI NASDAQ futures. As in the previous session buying came in and during the last half hour all the indexes recovered part of their loses closing mixed for the day.

Yesterday’s lows seems to be important and if the markets can hold above them we could have a decent rally or at least more consolidation of the move down before the market decides which direction to go. The double bottoms on the EMINI SP futures and EMINI NASDAQ futures are extremely important if those markets are not in a melt down stage.

The early part of the session will be guided by the Unemployment numbers to be released before the opening, and I think the markets have already priced a weak number, so if it comes out near or at the expectations the indexes should move higher.
After yesterday range bounded market it seems that the best play for today is to let the first move stall and be ready for a reversal after the initial euphoria or panic reaction, and then when that move ends stay with the trend. If the markets are ready to move higher all the indexes should join the party, in particular the EMINI NASDAQ should outperform the EMINI SP futures. If this recovering move does not come true and the EMINI SP does not close back above the 1470.00, the EMINI NASDAQ futures above 2093.00 and the EMINI RUSSELL above the 760.90, it is probably that this leg down will extend the move to 1410.00 on the EMINI SP futures. Keep a close eye also on the DOW CASH as breaking above 13150 or 12950 could result in a 300 points move during the coming sessions. Remember that half hour after the markets open we get the ISM Services data.

We have initial resistance at 1461.00-1462.00 on the EMINI SP futures, 2083.00-2084.00 on the EMINI NASDAQ futures and 752.30-753.80 on the EMINI RUSSELL futures, if those are broken, then the EMINI SP futures should find resistance just above yesterday’s highs at 1465.50-1466.50 while the EMINI NASDAQ futures at 2090.00-2091.50 and the EMINI RUSSELL at 755.50-756.90. If the market gets above those areas there is a chance that the EMINI SP futures will get to 1473.00-1474.00 as the EMINI NASDAQ futures test back the 2103.00-2104.00 and the EMINI RUSSELL reaches its medium term pivot zone at 759.80-760.80.

There is initial support at 1456.00-1455.00 on the EMINI SP futures, 2073.00-2071.00 on the EMINI NASDAQ futures and 747.80-746.50 on the EMINI RUSSELL futures, if those hold on a pullback, a good rally from these areas could get going. If those areas fail, the next support areas are at 1451.00-1449.50 on the EMINI SP futures 2062.50-2061.00 on the EMINI NASDAQ futures and 744.00-743.50 on the EMINI RUSSELL futures. If the market can not hold the selling pressure, especially during the last hour of trading, then we could see the 1444.00-1442.00 on the EMINI SO futures, 2046.00-2045.00 on the EMINI NASDAQ futures and a total collapsed EMINI RUSSELL at 738.00-737.00.

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1473.00-1474.00 2103.00-2104.00 759.80-760.80
Resistance 2 1465.50-1466.50 2090.00-2091.50 755.50-756.90
Resistance 1 1461.00-1462.00 2083.00-2084.00 752.30-753.80
PIVOT 1459.50 2074.00 753.40
Support 1 1456.00-1455.00 2073.00-2071.00 747.80-746.50
Support 2 1451.00-1449.50 2062.50-2061.00 744.00-743.50
Support 3 1444.00-1442.00 2046.00-2045.00 738.00-737.00



S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1487.00 2122.85 789.27
1483.75 2116.90 785.43
1478.50 2107.25 779.20
1473.25 2097.60 772.97
1470.00 2091.65 769.13
1464.75 2082.00 762.90
1459.50 2072.35 756.67
1457.88 2069.38 754.75
1456.25 2066.40 752.83
1451.00 2056.75 746.60
1445.75 2047.10 740.37
1442.50 2041.15 736.53
1437.25 2031.50 730.30
1432.00 2021.85 724.07
1428.75 2015.90 720.23


DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1474.00 2091.75 759.80
AS DAILY LOW 1454.75 2066.50 740.60​

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.
Copyright © by theminitrade.com

 

[Silversea]

Thursday January 3rd, 2008 - Inside Day Trade

No Brainer Trade,
Friday, January 4th:

SOLD 1451 Prev Low ESH8 Stop 1464.75 High of Prev Day

Trade Setup: Thursday was Inside Day ( Daily ) and NR5
Volume Osc. Falling
Bearish Wedge / Triangle Pattern- Daily Broken down and confirmed by NQ
Weekly Trend: DOWN ( The Trend Is Your Friend )
SHORT 1451
Closed 1423 GAIN + 28 Pts = $1,400, Closed position, took profits.

Reasons for not staying short:
RSI (2) = 0.83 Very Berish ( Due for a pullback ) TRIN: Over 1.0 for 4 consecutive days VIX: Above 50 MA

Out Flat

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 07-January-2008

WEEKLY PIVOTS FOR WEEK ENDING 11 –JANUARY-2008

R3 1540.25
R2 1514.75
R1 1468.25
PP 1443.25
S1 1397.25
S2 1371.50
S3 1325.25

ECONOMIC CALENDAR
None

Disappointing labor market data and Intel downgrade resulted on a huge sell off.

WEEKLY RECAP

The indexes started the first trading day of the year under pressure as a result of ongoing concerns in the housing market and general credit conditions. Despite these factors, the indexes closed the day mixed with moderate lose on the EMINI SP futures. After returning from the New Year’s holiday, the manufacturing activity weaker than expected data, and record oil prices drove all the indexes down more than 1.5%, the yearly worst first day of trading in the last 10 years. The reading on the ISM index which came out at 47.7 took the markets by surprise and is a clear indication of contraction in the economy activity. On Wednesday, a consolidation from the previous day sell off kept the major indexes almost unchanged for the session. Friday’s Labor Department employment report with a non-farm payrolls increase of only 18,000 new jobs and the unemployment rate at 5% completed one of the worst first weeks of trading seen in many years as all the indexes ended the session sharply lower.

Last Monday I wrote:” Two consecutive closes bellow the 1469.00 area on the EMINI SP futures and 760.00 on the EMINI RUSSELL futures will be clearly indications of lower prices for the next coming weeks”.

I thought that the erosion on prices would be slowly and steady with many short covering rallies on the way, but honestly, I did not consider the indexes dropping around 5% during the first week of trading. This is the worst start for the DOW CASH since 1983. The Russell has fallen below the support of the 735.00 level, far away from its pivotal 760.00 level. The Dow is showing a bearish crossover as the 50-day moving average has recently crossed below the 200-day moving average. This bearish crossover could signal a shift in the prolonged uptrend. These moving averages have not triggered a sell signal since the market was moving sideways in early 2005.

The fact that this fall has been so fast and has reached the long term trend line in all of the indexes could be showing an exhausting of the downtrend that could result in a long consolidation phase. We can say that the indices are at stronger support areas. The conclusion from that is that new short trades will be good only for some scalping. For swing short setups the risk is much higher. I think that the indices have room for more selling in the future, but need to consolidate the huge sell off suffered during the week and a 1-4 days correction looks probable.

The markets appear to be on a crash scenario and this trading environment is extremely dangerous. The oversold conditions in particular on the $TRIN, and the exploding prices in put options makes me think that short covering rally is waiting just around the corner as the reading in those indicators denote a short term capitulation, and if the markets does not get some upside going, a Fed intervention could not be discard.

So regardless of any position that you take during the trading session, is extremely important to place a stop loss order any time that you enter the market; I have never felt bad when I have done a bad trade and I get stop out with a small loss, but I hate to go to sleep thinking that I was catch on the wrong side with huge loses because of my lack of discipline.

On a lower opening I would look to buy the lows if I see a bottom or a reversal near my support areas, and for sure I will go long once the market turns positive. On the opposite, if the market gaps up at the opening I am not so convince that it will trade Friday’s settlement; this market loves to leave trapped traders near the extremes, but It will take to the markets to break above our first resistance area and hold a pullback to see the intraday charts turn to the upside, unless that happens at least for today the bears could be still in control. Also, as it has happen many times during the last few months, a one day counter trend that gets reversed the next day printing new lows will be extremely bearish and would be pointing to a test of the 1360 area on the EMINI SP futures.

For today’s session we have initial resistance at 1428.00-1430.00 on the EMINI SP futures, 1994.00-1996.00 on the EMINI NASDAQ futures and 730.00-732.20 on the EMINI RUSSELL futures. If those areas are exceeded, the short term trend would be changing. If the markets succeed to hold above them, then we could see 1435.00-1436.00 on the EMNINI SP futures, 2004.50-2005.25 on the EMINI NASDAQ futures and the important 735.00-736.00 on the EMINI RUSSELL futures. If those are not sold then the trapped shorts will be running to the exit pressing the markets up to 1442.00-1443.25 on the EMINI SP futures, 2118.25-2120.00 on the EMINI NASDAQ futures and 740.20-741.90 on the EMINI RUSSELL futures.

The is initial support at Friday’s lows at 1418.75-1516.75 on the EMINI SP futures,1975.25-1973.00 on the EMINI NASDAQ futures and 722.30-721.50 on the EMINI RUSSELL futures. If the indexes can not hold those lows and a marginal break is not immediately reversed triggering a good reflex rally, then the odds will favor a test of the 1410.00-1409.00 area on the EMINI SP futures, 1957.25-1055.50 on the EMINI NASDAQ futures and 713.70-712.50 on the EMINI RUSSELL futures. If bulls do not step in and get aggressively long at those levels, the EMINI SP futures could reach the 1397.00-1396.25 area on its way to the 1360.00 zone, while the EMINI NASDAQ futures could be trading at 1926.75-1924.00 and the EMINI RUSSELL futures testing the waters at 703.10-701.60 before the day is over. GOOD LUCK

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1442.00-1443.25 2118.25-2120.00 740.20-741.90
Resistance 2 1435.00-1436.00 2004.50-2005.25 735.00-736.00
Resistance 1 1428.00-1430.00 1994.00-1996.00 730.00-732.20
PIVOT 1426.50 1998.00 729.80
Support 1 1418.75-1416.75 1975.25-1973.00 722.30-721.50
Support 2 1410.50-1409.00 1957.25-1955.50 713.70-712.50
Support 3 1397.00-1396.25 1926.75-1924.00 703.10-701.60



S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1524.84 3044.28 795.14
1515.16 2902.97 788.56
1499.50 2674.25 777.90
1483.84 2445.53 767.24
1474.16 2304.22 760.66
1458.50 2075.50 750.00
1442.84 1846.78 739.34
1438.00 1776.13 736.05
1433.16 1705.47 732.76
1417.50 1476.75 722.10
1401.84 1248.03 711.44
1392.16 1106.72 704.86
1376.50 878.00 694.20
1360.84 649.28 683.54
1351.16 507.97 676.96



DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1443.25 2033.75 740.20
AS DAILY LOW 1397.50 1927.75 709.20​

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.
Copyright © by theminitrade.com[/QUOTE]

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 08-January-2008

ECONOMIC CALENDAR

10:00 AM Pending Home Sales
3:00 PM Consumer Credit

A shaky and volatile session with huge swings saw the stock indexes ending mixed.
The markets opened higher and sold off hardly during the first hour of trading reaching our final target for this down leg at 1410.00 on the EMINI SP futures, 1943.75 on the EMINI NASDAQ futures and 716.70 on the EMINI RUSSELL futures. Large amounts of buying volume were produced as the indexes moved lower to test the November lows. After making the lows, the indexes rallied reaching 1431.25 on the EMINI SP futures, 1992.00 on the EMINI NASDAQ futures and 734.70 on the EMINI RUSSELL futures. The move was reversed and all the indexes move lower once more to test the early lows. Unable to print new lows for the day, a quickly short covering rally drove the EMINI SP futures back to the 1426.50 before pulling back in to the close.

Despite the fact that the indexes were reversed from their intraday highs, the double bottoms in all the indexes and the fact that the downside objective on the EMINI SP futures resulted in a successful test of the recent lows could be an early indication of some kind of recovery during the coming sessions. On the other side of the coin, the way the rally to the 1431.00-1432.00 area was reversed indicates a lack of commitment to the long side, but if that high is broken the market should trade higher during the coming sessions. It would be premature to call for a trend up as the indexes have been moving lower very quickly but yesterday’s fat reaction from the lows could sign that the declines may end. Volume is increasing also as more and more traders are willing to buy on dips.

It looks like the markets could be range bounded for today’s session as long as yesterday’s lows and highs are broken and held, but the key factor will be holding above yesterday’s lows. It was very important in yesterday’s market sentiment the fact that the DOW CASH tested and held three times the 12750 level, just bellow the long term trend line, and closed back above the 12800 level, this could spark a 250 point move to the upside pushing up all the other indexes, but the same move could be seen to the downside if this index starts to break bellow yesterday’s low.

For today’s full report and intraday updates, please read the authors bio.

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1436.75-1438.00 2012.00-2015.00 741.20-741.70
Resistance 2 1432.50-1433.00 1998.00-2000.00 735.40-736.70
Resistance 1 1425.50-1426.75 1984.00-1985.00 730.10-730.80
PIVOT 1423.50 1972.00 726.70
Support 1 1418.50-1417.50 1965.75-1964.00 725.30-723.50
Support 2 1410.25-1409.25 1947.50-1946.75 717.40-716.90
Support 3 1400.00-1399.00 1933.00-1932.00 708.10-707.60




S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1467.60 2070.07 763.30
1462.40 2058.68 759.10
1454.00 2040.25 752.30
1445.60 2021.82 745.50
1440.40 2010.43 741.30
1432.00 1992.00 734.50
1423.60 1973.57 727.70
1421.00 1967.88 725.60
1418.40 1962.18 723.50
1410.00 1943.75 716.70
1401.60 1925.32 709.90
1396.40 1913.93 705.70
1388.00 1895.50 698.90
1379.60 1877.07 692.10
1374.40 1865.68 687.90


DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1443.50 1985.75 736.20
AS DAILY LOW 1404.50 1933.25 712.80​

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.

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 09-January-2008

Countrywide, ATT, Housing Market and much more bad news resulted in carnage for all the indexes.

After starting the day on a positive note and reaching our resistance area at 1436.75-1438.00 on the EMINI SP futures, the indexes were punched once more. The markets broke above our initial resistance areas in what seemed to be the first positive trading session since the year started. In my intraday updates I wrote:” The EMINI SP futures should find some resistance bellow the 1438.00 area but I want to continue to work the long side all the time that it is above the 1432.00 area and the EMINI NASDAQ above the 1984.00 level”. The EMINI SP futures reached exactly my resistance area making a high for the day at 1437.75. Once the EMINI SP futures broke bellow the previous day high and updated support at 1432.00, sellers took control and drove the index down to 1417.50. Before that low was printed on the charts my update called for a possible intraday low at that area, as I quoted to my subscribers:” The EMINI SP futures will have to get back above the 1432.00-1433.00 area in order for this rally to get going once more, if that index does not hold my 1418.50 we could be testing yesterday's lows”. “It looks like my 1418.50 is holding; nothing bad happens all the time that that level keeps holding”. The EMINI SP futures held my support area at 1418.50-1417.50 before turning back in a very fast and suspicious rally but giving our subscribers the chance to buy at those lows. My next update said:” hope you were able to take some profits in this strange rally from my 1418.00 level. The markets are extremely dangerous right now.” The index reached the 1432.00 level on the rally reaching the previous day high before turning back down. My next two updates were: “Once more yesterday's highs have put a break on this short covering rally, it looks like both sides are tradable, sell with stops around 1432.00 and buy with stops around 1422.00.”Once the market broke bellow 1422.00 every long threw away the towel, where my last update clear indicated what could happen:” the market will have to hold the 1410.00 or a slide to 1400 could be seen.” We all know what happened; the market completed my updated objective and much lower when the EMINI SP futures reached 1393.50 in to the close.
The importance of trading using support and resistance level, placing stops on every trade and the real time information about the sentiment on the floor are a must to succeed in this business, no matter if you are an experience trader or a new trader. I hope you were able to trade correctly my yesterday’s updates, but believe if that is not the case I don’t blame you.

Now to our work, despite the oversold conditions none of the rallies have been able to hold and it looks like the indexes are on its way to a test of last year lows around my 1370.00-1360.00 area for the EMINI SP futures. This eight days move down should be close to an end between today and tomorrow, but only getting back above Monday’s lows at 1410.00 will place the EMINI SP futures in neutral territory. A counter trend rally could last between 1 to 4 days but it looks like it will be only another shorting opportunity. The way the market is acting calls meanwhile to sell the rallies until-unless they prove that they can stick. Yesterday I wrote about the importance of the DOW CASH holding above the 13750 area or we could see a 250 point move, if yesterday’s lows do not hold we can get another similar break. If the EMINI SP futures get closed to the 1370.00-1360.00 area and can not sustain a good recovery rally, then much lower prices could be seen in the near future.

For today’s session we have initial resistance at 1402.50-1403.50 on the EMINI SP futures, 1942.50-1944.00 on the EMINI NASDAQ futures and 708.50-709.90 on the EMINI RUSSELL futures, those areas wont be exceeded buy much if the indexes are weak and ready for a test of yesterday’s lows or more, but if they are cut through, then reaching Monday’s lows that were printed at 1410.00-1412.00 on the EMINI SP futures, 1949.00-1452.00 on the EMINI NASDAQ futures and 715.80-716.60, if those are reached and does not stop the buying, then yesterday’s breaking point at 1418.50-1419.50 on the EMINI SP Futures, 1963.50-1965.00 on the EMINI NASDAQ futures and 720.80-721.90 on the EMINI RUSSELL futures could be seen. Trading above those areas on the EMINI SP futures will trigger a test of the 1423.50-1425.00 area.

The first support area is just bellow yesterday’s lows at 1392.50-1391.50 on the EMINI SP futures, 1922.00-1920.00 on the EMINI NASDAQ futures and 702.90-701.50 on the EMINI RUSSELL futures, if those are not immediate reversed, then the EMINI SP futures should be testing the 1484.50-1483.00 area while the EMINI NASDAQ futures gets to 1907.00-1905.50 and the EMINI RUSSELL futures to 697.40-696.50. if those are not bough the 1374.50-1372.00 areas on the EMINI SP futures,1886.75-1885.00 on the EMINI NASDAQ futures and 687.40-686.70 on the EMINI RUSSELL futures will be seen before any signs of life. Breaking bellow those areas will trigger much lower prices. GOOD LUCK.

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1418.50-1419.50 1963.50-1965.00 720.80-721.90
Resistance 2 1410.00-1412.00 1949.00-1952.00 715.80-716.60
Resistance 1 1402.50-1403.50 1942.50-1944.00 708.50-709.90
PIVOT 1405.25 1942.50 713.20
Support 1 1392.50-1391.50 1922.00-1920.00 702.90-701.50
Support 2 1484.50-1483.00 1907.00-1905.50 697.40-696.50
Support 3 1374.50-1372.00 1886.75-1885.00 687.40-686.70




S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1509.35 2122.68 795.95
1498.90 2104.57 787.65
1482.00 2075.25 774.20
1465.10 2045.93 760.75
1454.65 2027.82 752.45
1437.75 1998.50 739.00
1420.85 1969.18 725.55
1415.63 1960.13 721.40
1410.40 1951.07 717.25
1393.50 1921.75 703.80
1376.60 1892.43 690.35
1366.15 1874.32 682.05
1349.25 1845.00 668.60
1332.35 1815.68 655.15
1321.90 1797.57 646.85


DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1417.50 1963.00 722.60
AS DAILY LOW 1372.00 1884.00 687.40​

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.
Copyright © by theminitrade.com
Index Futures Information Services - Emini Trading Advisory and Trading Alerts | TheMiniTrade.com

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 10-January-2008

Recession talking and a strong negative forecast for the months to come that could bring interest down to a 2.5 % resulted in a late strong rally

ECONOMIC DATA

8:30 AM Initial Claims
10:00 AM Wholesale Inventories

After opening higher and making intraday highs during the first hour of trading, the indexes gave back the early gains as the bears continued to maintain the control. The EMINI SP futures reached 1406.75, the EMINI NASDAQ futures 1949.00 and the EMINI RUSSELL futures 711.20. The failure was initiated when the DOW CASH couldn’t make it back above the 12700 area. The EMINI SP futures tested my early “go long” update bouncing back to 1404.50. The lower high was sold and the indexes pushed down to my 1392.50-1391.50 support levels, another good short covering rally took place and the index bounced back to 1402.00. Unable to gain upside momentum and after braking intraday support at 1496.00 the EMINI SP futures tested once more the 1491.50 area; the failure pushed the index down to 1485.00 coinciding with an important test of the 12500 on the DOW CASH where my real time subscribers were updated about the importance of that level. Once the EMINI SP broke above my update 1498.00 area, it was all for the bears as all the indexes pushed up to new highs, The EMINI SP futures reached my resistance area printing a high at 1411.50 and pulled back to 1402.00 where buyers stepped back in and rallied to new highs in to the end of the session making new highs in all the indexes at 1416.50 on the EMINI SP futures, 1964.75 on the EMINI NASDAQ futures and 716.20 on the EMINI RUSSELL futures.

Yesterday I wrote: “This eight days move down should be close to an end between today and tomorrow, but only getting back above Monday’s lows at 1410.00 will place the EMINI SP futures in neutral territory. A counter trend rally could last between 1 to 4 days but it looks like it will be only another shorting opportunity.”

Yesterday’s lows are extremely important and they are KEY SUPPORT for the short term. The rally from 1485.00 on the EMINI SP futures was done with very big volume and it could result in a 1-4 days counter trend. The fact that the EMINI SP only closed 1 day bellow the 1400.00 area is also a positive sign, but in the medium term I think that this low is only a temporary low and we are headed much lower, my next objective once we get 2 consecutive closes bellow the 1400.00 area will be at least 1360.00 or lower.
The markets could have done the downside for a while and this rally could continue up maybe to the 1460 area that coincide with the 38.2 Fibonacci retracement from the all time highs to yesterday’s lows. Despite this now that the indices show a potential bottom area, traders must be careful with expectations. The main trend is down and in spite of the nice intraday bounce I won’t be surprised if we see some weakness in the morning and try to retest the low support area.

So for today’s trading session we could see some early pressure, a shorting opportunity, but once it disappear it should be met with buying, so don’t overstay with your shorts as the first sizeable pullback specially to yesterday’s late lows at 1402.00 could offer a very good entrance.

We have initial resistance at 1417.50-1418.50 on the EMINI SP futures, 1966.00-1968.00 on the EMINI NASDAQ futures and 716.00-717.20 on the EMINI RUSSELL futures. If the market prints a double top around those areas it could stall there an offer a good short entrance, if those are cut through the next hurdles will be at 1423.50-1425.00 on the EMINI SP futures, 1977.00-1979.00 on the EMINI NASDAQ futures and 721.30-722.00 on the EMINI RUSSELL futures. If those are reached and not sold we could get back to the 1432.50-1433.00 on the EMINI SP futures, 1990.00-1991.50 on the EMINI NASDAQ futures and 727.00-728.50 on the EMINI RUSSELL futures. Those are the areas where the last wave of selling started.

There is strong support at 1402.50-1401.50 on the EMINI SP futures, 1942.00-1940.00 on the EMINI NASDAQ futures and 706.10-704.20 on the EMINI RUSSELL futures. If buyers don’t step in strongly at those lows, the EMINI SP futures could get back to 1395.00-1393.50 while the EMINI NASDAQ futures will be testing the 1929.00-1928.00 area and the EMINI RUSSELL futures 700.80-699.50. If those areas can not hold then the 1390.00-1389.50 on the EMINI SP futures, 1918.00-1916.00 on the EMINI NASDAQ futures and 696.00-695.00 on the EMINI RUSSELL futures will have to hold or yesterday’s rally was a one day countertrend in a clear downside trend. Yesterday’s lows will be critical at that point. GOOD LUCK

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ RUSSELL
Resistance 3 1432.50-1433.00 1990.00-1991.50 727.00-728.50
Resistance 2 1423.50-1425.00 1977.00-1979.00 721.30-722.00
Resistance 1 1417.50-1418.50 1966.00-1968.00 716.00-717.20
PIVOT 1405.25 1942.50 713.20
Support 1 1402.50-1401.50 1942.00-1940.00 706.10-704.20
Support 2 1395.00-1393.50 1929.00-1928.00 700.80-699.50
Support 3 1390.00-1389.50 1918.00-1916.00 696.00-695.00




S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI
1467.47 2034.32 755.36
1460.03 2024.18 749.64
1448.00 2007.75 740.40
1435.97 1991.32 731.16
1428.53 1981.18 725.44
1416.50 1964.75 716.20
1404.47 1948.32 706.96
1400.75 1943.25 704.10
1397.03 1938.18 701.24
1385.00 1921.75 692.00
1372.97 1905.32 682.76
1365.53 1895.18 677.04
1353.50 1878.75 667.80
1341.47 1862.32 658.56
1334.03 1852.18 652.84


DAILY PROJECTIONS S&P NASDAQ RUSSELL
AS DAILY HIGH 1429.00 1991.50 726.60
AS DAILY LOW 1398.75 1930.00 702.40​

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.
Copyright © by theminitrade.com

 

[arturo1]

Daily Trading Advisory

DAILY TRADING ADVISORY 11-January-2008

Fed ready to cut interest rates in order to prevent housing and credit problems to drive the economy into recession and rumors about Bank of America buying Countrywide resulted in a positive close in all of the indexes.

ECONOMIC DATA

8:30 AM Export Prices
8:30 AM Import Prices
8:30 AM Trade Balance
2:00 PM Treasury Budget

Yesterday was another wild session for the markets as stocks opened lower on more warnings on the financial sector and weak retail sales but rallied with Bernanke’s speech and a possible acquisition of Countrywide by Bank of America.

The EMINI SP futures opened lower dropping to our suggested entry price for a good long trade, making its early low at 1401.50, just at our suggested long entry. The EMINISP futures rallied up to 1414.50 pulling back before the Bernanke’s speech. The index drop to the 1406.50-1405.50 area, and traded in a small range waiting for a hint about interest rates policy. By mistake, Bloomberg released the copy of the statement one hour before and a strong and fast rally took the EMINI SP futures to 1429.25, the EMINI NASDAQ hit a strong high at 1980.00 and the EMINI RUSSELL futures to 724.50. In a volatile pullback, the EMINI SP futures backed off to the 1413.50, rallied back to 1422.00 and dropped to 1408.50, just bellow our intraday support area an traded between that level and 1414.00. The last test of the lows prompted another rally to the 1429.25 area, after a small pullback the EMINI SP futures made a new high at 1436.00 coinciding with a double top on the EMINI NASDAQ futures which ended the rally. The EMINI SP futures pulled back into the close and settle at 1421.00, well bellow fair value.
Yesterday I wrote:” Pullbacks to 1401.50 may provide the best day trade if we can get it overnight or early enough in the day.” We got the expected early sell off which prompted our long entry.

This week has been one of the must problematic ones in the markets during the last years as the financials and the tech were strongly beaten and none of the rallies could be sustainable if those don’t show signs of recovery. I wouldn’t be surprise to see some profit taking during today’s session before continuing with this counter trend rally early next week as we have option expiration next Friday, keep in mind that the markets usually moves higher in front of the expiration, so if we have a down day it will be a good long entry for short term position traders. I am convince that the lows seen this week are only short term bottoms and we will see much lower prices in the near future, but I do think that this short covering rally can take the EMINI SP futures back to the 1440.00 area or marginally higher area before it starts a new strong wave to the downside, if that push to the upside happens I expect strong selling starting at that level as traders get positioned for the next multi day sell off.

The days of a 14-16 point range on the EMINI SP futures are gone; we saw professional floor traders and institutions on the sidelines after yesterday’s huge swings. So, expect this volatile trading to continue as the index consolidate this last move between the 1385.00 low and yesterday high on the EMINI SP futures. Keep in mind that I expect a lower day before the next 1-4 day countertrend.

For today’s session there must be resistance at 1427.25-1428.50 on the EMINI SP futures, 1969.00-1971.00 on the EMINI NASDAQ futures and 721.30-723.80 on the EMINI RUSSELL futures. If those levels are not sold a test of yesterday’s highs at 1436.75-1437.75 on the EMINI SP futures, 1980.00-1982.00 on the EMINI NASDAQ futures and 726.00-728.30 on the EMINI RUSSELL could be seen, but if the market is strong, which I don’t consider will be, the 1440.00-1442.75 on the EMINI SP futures, 1992.00-1993.50 on the EMINI NASDAQ futures and 732.20-733.50 on the EMINI RUSSELL futures will be started to be sold strongly if reached.

There is support at 1411.25-1409.00 on the EMINI SP futures, 1948.00-1946.00 on the EMINI NASDAQ futures and 714.70-712.90 on the EMINI RUSSELL futures. Those areas held nicely for yesterday’s last run to the highs. If those are reached early in the morning, and hold they could offer another good long entry, but if not a test of yesterday’s lows at 1403.00-1401.00 on the EMINI SP futures, 1938.00-1937.50 on the EMINI NASDAQ futures and 707.90-706.90 on the EMINI RUSSELL futures should attract buyers. If that happens and I am lucky buying at those lows, I will add to my position once the 1409.00 level is surpassed. If yesterday’s lows does not hold, then my weekly support at 1397.25-1395.00 on the EMINI SP futures,1932.00-1930.00 on the EMINI NASDAQ futures and 702.00-701.50 on the EMINI RUSSELL futures will be reached before traders try to get long. If those areas can not hold I won’t enter any long positions all the time that the EMINI SP futures is trading bellow the 1403.00 area as lower prices could be seen for a Friday close, if that happens I will get long early Monday once the market turns positive. GOOD LUCK

TODAY’S SUPPORT, PIVOT AND RESISTANCE LEVELS

S&P NASDAQ RUSSELL

Resistance 3 1440.00-1442.75 1992.00-1993.50 732.20-733.50
Resistance 2 1436.75-1437.75 1980.00-1982.00 726.00-728.30
Resistance 1 1427.25-1428.50 1969.00-1971.00 721.30-723.80
PIVOT 1421.50 1960.00 718.30
Support 1 1411.25-1409.00 1948.00-1946.00 714.70-712.90
Support 2 1403.00-1401.00 1938.00-1937.50 707.90-706.90
Support 3 1397.25-1395.00 1932.00-1930.00 702.00-701.50




S&P NASDAQ RUSSELL
FIBONACCI FIBONACCI FIBONACCI

1492.48 2054.81 768.96
1484.27 2044.19 763.14
1471.00 2027.00 753.70
1457.73 2009.81 744.26
1449.52 1999.19 738.44
1436.25 1982.00 729.00
1422.98 1964.81 719.56
1418.88 1959.50 716.65
1414.77 1954.19 713.74
1401.50 1937.00 704.30
1388.23 1919.81 694.86
1380.02 1909.19 689.04
1366.75 1892.00 679.60
1353.48 1874.81 670.16
1345.27 1864.19 664.34


DAILY PROJECTIONS S&P NASDAQ RUSSELL

AS DAILY HIGH 1446.50 1993.75 737.60
AS DAILY LOW 1410.25 1948.00 712.90​

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.
Copyright © by theminitrade.com