Daily trading advisory

[arturo1]

DAILY TRADING ADVISORY 2 October 2007
ECONOMIC CALENDAR
PENDING HOME SALES
AUTO SALES
TRUCK SALES
Dear Trader:
As I wrote yesterday, “If 1543.50-1545.00 does not stop the rally, the door is open for new highs in the NASDAQ and a test of 14000 on the Dow Jones”, and boy, what a test.
After a higher opening the market started to trend up and in the first 45 minutes of trading, in a parabolic move reached the 1550.00 level. What appeared to be the daily high (many times the market makes the high or low of the session during the first hour), resulted in a sideways trend between 1549.00 and 1546.50, the market held its momentum and broke the consolidation to the upside starting a trend up day. Just small retracements were seen until the 1561.00 level on the SP and 2143.50 were tested and stopped the rally. Only during the last hour of trading some selling was seen as the market started to trade bellow its moving average.
The market appears to be in a good shape as bad economic news stimulates buyers to go in assuming that the FED will cut rates by the end of the month. But the last hour of trading seems to left many traders trapped at the highs. It’s unusual two trend days in a row and this rally has to be consolidated before another strong move to the upside is seen. Also, new highs on the Dow have been sold at least for a few sessions, and if this index trades once more bellow 14000 we could go back to 13700.
For today’s session, keep a close eye on a test of yesterday highs at 1559.50-1561.00 area, and if the move stalls there, it will be a good set up for a short trade that at least should bring the market down to test 1552.00- 1550.50on the SP and 2131.00-2129.00 on the NASDAQ where our daily pivots come in, if broken, a test of 1546.50-1545.00 and 2123.00-2121.50 should be in the cards before buyers step in, if this can not stop the selling things can be changing and the market could start to trend down testing first 1540.00-1539.50 on the SP and then 1535.00-1536.00 where this uptrend started. A close bellow this level on the SP means a possible test of 1500.00 during the coming week.
Breaking above yesterday highs will bring prices to test the 1565.00-1566.00 area on the SP and 2149.00-2151.00 on the NASDAQ, if this levels can not stop the short squeeze, only 1572.00-1573.00 on the SP and 2160.00 -2163.00 on the NASDAQ will mark the end of this leg up.
In our trading methodology we see how prices react against support and resistance levels to go in a trade with tight stops and if those are broken, they become the opposite, support is the new resistance and resistance is the new support. Remember mental stops DOES NOT WORK, place a hard stop on all your trades and if your position is not running in your favor, get out.



TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1571.50-1573.00 2163.00-2165.00
Resistance 2 1565.00-1566.00 2149.00-2151.00
Resistance 1 1559.50-1561.00 2142.00-2143.00
PIVOT 1550.00 2129.50
Support 1 1552.00-1550.00 2131.00-2129.00
Support 2 1546.00-1545.50 2123.00-2121.50
Support 3 1540.00-1539.50 2116.00-2115.00
Support 4 1535.00-1536.00 21103.002101.50












S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1602.66 2177.50
1586.75 2164.51
1576.91 2152.68
1561.00 2143.50
1551.16 2130.12
1548.13 2126.90
1545.09 2122.49
1535.25 2109.50
1519.34 2088.49

 

[arturo1]

DAILY TRADING ADVISORY 3 October 2007

ECONIMIC CALENDAR
10:00 AM ISM Services
10:30 AM Crude Inventories

Yesterday, the EMINI SP futures opened right at our 1559.00 resistance area, after making a small high at 1559.50 and pressed by a weak NASDAQ, the index was sold testing the 1555.00 area just after the release of the Pending Home Sales data. In a countertrend rally it made a lower high at 1558.50, but the sellers came back strong and sold off quickly reaching 1552.75, just 1.00 point above our 1st support area.
As I wrote yesterday:” For today’s session, keep a close eye on a test of yesterday highs at 1559.50-1561.00 area, and if the move stalls there, it will be a good set up for a short trade that at least should bring the market down to test 1552.00- 1550.50on the SP and 2131.00-2129.00 on the NASDAQ.”
I also quoted “new highs on the Dow have been sold at least for a few sessions, and if this index trades once more bellow 14000 we could go back to 13700”.
After a well elaborated bottom and a strong RUSSELL that never broke into negative territory, the markets tried to make a move to the upside but failed to gain momentum above 1556.00 and selling came back making a new low at 1551.25.
Our EMINI SP REAL TIME TRADING SUBSCRIBERS were updated that trading above 1555.00 on the SP and 2136.00 on the NASDAQ could be the start of a late rally that should move to new highs. The SP did trade above this level reaching 1558.25 but was sold after the cash closed and settle bellow fair value.
The NASDAQ COMPOSITE closed at new highs not seen since 2001 and the RUSSELL made highs above July 2007.
The market had an inside day, but the way it settle was very poor and leave the market vulnerable. In spite of this, every time we see lower prices, buyers come in and the market runs up back.
For today, nothing good happens unless the first resistance areas at 1558.75 on the EMINI SP futures and 2140.50 on the NASDAQ futures is broken to the upside, if the market manages to do it, the next areas are 1563.50-1565.00 on the SP and 2146.25 on the NASDAQ and then 1567.50-1568.50 and 2151.75-2153.00 respectively.
If the way is down the first support is at 1551.00-1550.50 on the EMINI SP futures and 2127.25 2124.50 on the NASDAQ that in a first test it should be a buying opportunity .If these levels are tested and reversed we can have a good rally, but if they don’t hold expect a test of 1546.75-1545.50 on the EMINI SP and 2121.25-2119.50 on the NASDAQ, if this can’t stop the selling pressure, things can be rolling down on the short term as sellers will be in control.

TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1567.00-1568.50 2151.75-2153.00
Resistance 2 1563.50-1565.00 2146.25-2148.00
Resistance 1 1558.50-1559.75 2138.50-2140.50
PIVOT 1555.25 2129.50
Support 1 1551.00-1550.50 2127.25-2124.50
Support 2 1546.75 -1545.50 2119.50-2118.25
Support 3 1540.00-1539.50 2111.50-2113.00
Support 4 1535.00-1533.25 2103.00-2101.50











S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1574.16 2165.17
1568.75 2155.75
1565.41 2149.92
1560.00 2140.50
1551.16 2134.67
1548.13 2131.08
1551.25 2125.25
1545.84 2115.83
1537.09 2100.58

 

[jacinto]

Aturo1:

I already asked you via PM not to keep opening threads for a daily commentary. your 3rd of october post has been moved here, and the second thread for the 3rd of october you have opened has been deleted. I ask you again not to keep opening threads for that matter. I think you can post your daily commentary here.

thank you.

 

[arturo1]

DAILY TRADING ADVISORY 04 October 2007

DAILY TRADING ADVISORY 04 October 2007
ECONOMIC CALENDAR
8:30 INITIAL CLAIMS
10:00 FACTORY ORDERS
On Wednesday we were looking for a lower opening as futures closed bellow fair value the previous session. The SP futures opened at our first support at 1551.00-1550.50 area. When this are was violated after the release of the ISM services index, the market fell straight to our next support and made new lows for the day at 1547.00 on the EMINI SP futures and 2121.75 on the EMINI NASDAQ futures.
Yesterday I wrote: “If the way is down the first support is at 1551.00-1550.50 on the EMINI SP futures and 2127.25 2124.50 on the NASDAQ that in a first test it should be a buying opportunity .If these levels are tested and reversed we can have a good rally, but if they don’t hold expect a test of 1546.75-1545.50 on the EMINI SP and 2121.25-2119.50 on the NASDAQ, if this can’t stop the selling pressure, things can be rolling down on the short term as sellers will be in control.”
After testing our 1546.75 on the SP and 2121.25 on the NASDAQ (just at our anticipated support areas, BINGO) the markets got its foot going, and the lows for the first half of the day were in place. A reaction rally from these lows reached new highs for the session at 1453.25 on the SP futures and 2134.00 on the NASDAQ, a 2 points retracement was bought and the markets made new highs for the day at 1556.50 and 2138.75 respectively, just above settlement.
Our EMINI SP REAL TIME TRADING subscribers got a sell signal around the 1555.00 area with a stop above 1557.25, and were updated to maintain their short position trailing their stop and taking partial profits at 1550.00. If you are not subscribe to our EMINI SP REALTIME SERVICE I invite you to try it for free, it’s the best complement to our DAILY TRADING ADVISORY.
The market sold off from the highs and made a marginal new low on the EMINI SP reaching our support at 1546.50. After that buyers came in and the markets closed in the middle of the range.
For today I expect more of this two side action with a slightly upside bias before tomorrow unemployment data, meanwhile the uptrend is intact and we already have two small down days, so the market should try to trade higher. If the markets open lower look for our first support to hold and mount a rally but don’t overstay on a long trade, we can see the move stall at resistance and hold any attempt of higher prices.
Keep an eye on the EMINI RUSSELL Futures and the NASDAQ futures, they have been leading this rally, in particular the 830.00 area in the RUSSELL is solid support.
We have initial resistance at 1553.00-1553.75 on the EMINI SP futures and 2129.75-2131.00 on the NASDAQ futures, if the market is in a good shape, we should test 1556.50-1558.00 on the EMINI SP futures and 2136.50-2138.00 on the NASDAQ futures, if broken the weekly highs at 1561.00-1563.00 on the SP and 2148.00-2151.00 on the NASDAQ should be reached.
Initial support comes at 1547.50-1546.00 on the EMINI SP futures and 2116.00-2114.50 on the MINI NASDAQ; if we get there I will try to be a buyer with tight stops, if this doesn’t hold, solid support should be seen at 1543.50-1542.75 on the EMINI SP and 2110.00-2108.00 on the EMINI NASDAQ. If those are tested and the markets don’t hold we should go down to test 1539.50-1538.00 and 2101.00-2098.00 respectively .
TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1561.00-1563.00 2148.00-2151.00
Resistance 2 1556.50 -1558.00 2136.00-2138.00
Resistance 1 1553.00-1553.75 2129.75-2131.00
PIVOT 1551.25 2124.75
Support 1 1547.50-1546.00 2116.00-2114.50
Support 2 1543.50-1542.75 2110.00-2108.00
Support 3 1539.50-1538.00 2101.00-2098.00










S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1566.50 2162.17
1562.68 2153.27
1556.50 2138.75
1552.68 2129.77
1550.32 2127.00
1546.50 2124.23
1540.32 2115.75
1536.50 2100.73
1530.32 2091.75

 

[arturo1]

DAILY TRADING ADVISORY 05 October 2007

DAILY TRADING ADVISORY 05 October 2007
ECONOMIC CALENDAR
8:30 AM NONFARM PAYROLLS
8:30 AM UNEMPLOYMENT RATE
8:30 AM HOURLY EARNINGS
8:30 AM AVERAGE WORKWEEK
3:00 PM CONSUMER CREDIT
Yesterday, the SP futures opened just at our resistance at 1553.75 and were sold immediately matching the Globex low at 1548.00 where buyers stepped in. As fast as it felt, it came back making the highs of the session at 1554.75, one point above the opening price.
The story with the NASDAQ futures looks similar, it opened at 2126.00 just to be sold and printing lows at 2108.50, from where it rallied almost 20 points getting to 2127.75, just two points bellow our first resistance area.
The indexes have stopping behaving like a fast trend and they are trading bellow the highs of this leg up but have not been able to trade bellow the last consolidation and the uptrend is intact. Volume has come down but I can find the explanation due to the fact that traders do not want a big position in front of today’s unemployment data. A funny number could be the trigger for some profit taking. Also, the Dow cash continues to hold above a very steep uptrend, and despite that it is bellow 14000, it is holding nicely. With all this neutral conditions let the markets tell us what the next move is going to look like.
For today the initial resistance is at 1554.75-1555.75 on the EMINI SP futures and 2130.00-2131.75 on the NASDAQ futures, if broken, the next area is 1558.25-1559.75 on the EMINI SP and 2136.00-2137.75 on the NASDAQ futures, if the markets go above this level, we can expect a test of 1561.50-1562.50 on the MINI SP futures and 2143.00-2145.00 on the EMINI NASDAQ futures; beyond this matching all time highs in the SP Cash will be the objective.
The first support comes in at 1548.75-1547.75 on the EMINI SP futures and 2120.25-2118.50 on the EMINI NASDAQ; this can be a good area to go long on a swing trade with tight stops. If these areas don’t hold 1545.50-1543.00 and 2111.50-2108.50 respectively should hold if the market is in a good shape. Bellow this, a test of key support at 1541.00-1539.50 on the EMINI SP futures and 2101.00-2098.50 on the EMINI NASDAQ should be in the cards.
For traders on the YM (EMINI $5 DOW futures) my suggestion is to SELL 1 December EMINI DOW at 14020 on a stop (place your trade 45 minutes after the opening), if executed place your protective stop at 14052 (a $160.00 risk on the trade).
For traders on the EMINI RUSSELL, keep an eye if it starts to trade bellow 830.00 on the December contract. GOOD LUCK


TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1561.00-1562.50 2143.00-2145.00
Resistance 2 1558.25-1559.75 2136.00-2137.75
Resistance 1 1554.75 -1555.75 2130.00-2131.75
PIVOT 1551.25 2121.25
Support 1 1548.75-1547.75 2120.25-2118.50
Support 2 1545.50-1543.00 2111.50 -2108.50
Support 3 1541.50-1539.50 2101.00-2098.50










S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1566.50 2162.17
1562.68 2153.27
1556.50 2138.75
1552.68 2129.77
1550.32 2127.00
1546.50 2124.23
1540.32 2115.75
1536.50 2100.73
1530.32 2091.75

 

[arturo1]

DAILY TRADING ADVISORY 08 October 2008

DAILY TRADING ADVISORY 8-Octuber- 2007
ECONOMIC CALENDAR
NO ECONOMIC DATA TODAY
All US markets closed except for stocks
Weekly EMINI S&P pivots for week ending 12-octuber-2007
R3 1598.25
R2 1584.50
R1 1577.75
PP 1559.50
S1 1546.50
S2 1521.25
S3 1507.00
Friday, the market gaped up and went straight to the first resistance at 1563.00, a small consolidation between 1562.00-1560.00 was bought, and the imminent test of the all time highs in the SP cash was reached. This number has it equivalent at 1566.00 on the SP December futures contract. More buying was seen, and in a preholiday low volume session, a trend day brought the indices to new highs.
There is a lot of momentum in the markets going on, but the low volumes indicate that there is not real participation from the institutions.
During the last 30 minutes the EMINI SP futures fell 6 points to 1567.50 before rallying back.
While all the good and bad data is interpreted as a reason to buy, and with many shorts trapped in this rally, the worst that we can expect is a consolidation of this move during the week. Going down to test, and holding above the 1539.50-1542.00 area on the EMINI SP futures will be bullish for the rest of the year; but trading bellow the all time highs in the EMINI SP futures contract that comes in place around 1578.00 could be the start of some profit taking that put the brakes in this move.
The VIX.X closed lower on Friday and a reverse could trigger volatility into the markets.
For today as almost all of the US markets are close because of the holiday don’t expect too much.
The first resistance is at Friday highs at 1572.50-1573.50 on the EMINI SP futures and 2173.00-2175.00 on the EMINI NASDAQ contract, if broken 1576.00-1578.00 on the EMINI SP futures and 2188.00-2190.00 on the NASDAQ futures should be tested and very difficult to exceed.
If people decide to take some profits, initial support is at 1568.00-1567.50 on the EMINI SP futures and 2163.00-2161.00 on the NASADAQ EMINI, if these areas don’t hold, 1563.50-1561.00 and 2152.00-2155.00 should be tested and bought if the markets want to keep its momentum. Bellow this, testing 1558.25-1556.00 on the EMINI SP FUTURES and 2146.00-2144.00 on the EMINI NASDAQ should be seen before any rebound is seen.

TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1578.00-1571.50 2199.00-2202.00
Resistance 2 1576.00-1578.00 2188.00-2190.00
Resistance 1 1572.00-1573.50 2173.00-2175.00
PIVOT 1564.75 2155.25
Support 1 1568.00-1567.50 2163.00-2161.00
Support 2 1563.00-1561.00 2155.00-2152.00
Support 3 1558.25-1556.00 2146.00-2144.00











S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1596.50 2224.50
1587.71 2204.00
1573.50 2173.00
1564.71 2153.33
1562.00 2147.25
1559.29 2141.17
1550.50 2121.50
1536.29 2089.67

 

[arturo1]

DAILY TRADING ADVISORY 09-October-2007

DAILY TRADING ADVISORY 09-October- 2007
ECONOMIC CALENDAR
2:00 FOMC Minutes
The SP futures gapped down bellow Friday’s lows and did not reverse to test the previous settlement in a low volume holyday session.
Yesterday I describe the late Friday action: “During the last 30 minutes the EMINI SP futures fell 6 points to 1567.50 before rallying back.” This 1567.50 level was key support for yesterday’s session. The weak opening and the lack of economic data helped the shorts to push early the market down to our support at 1561.00, and from there a sideways trading during the rest of the session.
The story with the NADAQ looks a lot different as new yearly highs were printed on the charts.
It is the NASDAQ that has been leading the markets during the last two months and the momentum is strong. The markets are mixed and the internals too, so working out all this divergences should keep the indexes in a consolidation before any strong move is seen.
We are in front of the earnings season and nobody knows yet how big the impact of the credit tsunami is, and how it will reflect on corporate profits.
I can see the markets consolidating during the next weeks with low volumes before another up leg is seen. But the strength of the NASDAQ could bring the SP futures to new highs.
In this mixed scenario the best plays for today will be by waiting for the rallies to stall and shorting against resistance which in the EMINI SP futures comes at 1564.00-1564.75, just above our daily pivot, and 2182.00-2183.75 on the EMINI NASDAQ futures (NQ), if this levels are broken early in the day, expect a test of yesterday highs at 1566.50- 1567.50 on the EMINI SP futures and 2187.50-2189.00 on the EMINI NASDAQ futures, if this area is reached in the EMINI SP and the NADAQ futures are bellow 2188.00 I will be shorting the EMINI SP index to look for a test of yesterday’s low at 1561.00-1559.00, I will place my stop loss order above 1569.50. If these areas do not stop the move to the upside, a test of Friday’s highs on the EMINI SP futures at 1573.50-1574.75 must hold the buying even the EMINI NASDAQ futures could be at 2199.00-2202.00.
Initial support is at yesterday’s lows at 1561.00-1559.00 on the EMINI SP futures and 2172.00-2168.00 on the EMINI NASDAQ, if this areas are tested and buyers does not step in, 1555.00-1553.50 and 2158.00-2156.75 respectively could be seen before the FOMC minutes, if the markets don’t hold this support levels, 1549.00-1547.50 on the EMINI SP futures and 2149.50-2147.00 on the EMINI NASDAQ futures will be reached in the way to key support at 1538.00-1540.00 on the SP.


TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1573.00-1574.50 2199.00-2202.00
Resistance 2 1566.50-1567.50 2187.50-2189.00
Resistance 1 1564.00-1565.75 2182.00-2183.75
PIVOT 1563.25 2175.75
Support 1 1561.00-1559.00 2172.00-2168.00
Support 2 1555.00-1553.50 2158.00-2156.75
Support 3 1549.00-1547.50 2149.50-2147.00











S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1581.25 2202.00
1577.14 2194.74
1570.50 2183.00
1566.39 2175.74
1563.86 2171.26
1559.75 2164.00
1553.11 2152.26
1549.00 2145.00

 

[arturo1]

Daily Trading Advisory 09-oct-2007 Real Time

as I wrote"I will short the EMINI SP at 1566.50-1567.50, I sold at 1568.00 I will try to take my profit at 1564.00

S ESZ7 {GBX} 1 156800 Y LMT 1 156800 10/09/07 08:38 AM DAY Closed Filled

I also scalped a few RUSSELS
B ER2Z7 {GBX} 1 84730 LMT 1 84680 10/09/07 08:34 AM DAY Closed Filled
S ER2Z7 {GBX} 1 84780 LMT 1 84780 10/09/07 08:30 AM DAY Closed Filled


B ER2Z7 {GBX} 1 MKT 1 84690 10/09/07 08:49 AM DAY Closed Filled
S ER2Z7 {GBX} 1 MKT 1 84750 10/09/07 08:47 AM DAY Closed Filled

This are REAL TRADES, follow me

 

[arturo1]

Daily Trading Advisory, Real Time

1564.50. was yesterday resistance, now is support, it coudn't reach 1564.00 I will close right now, i don't give a trade that has a profit run from my hands,
i am buying at 1565.50

 

[arturo1]

Daily Trading Advisory

I am done I bought at 1565.50,
ES-profit $125.00
ER2-profit $160.00

just to let you know I pay $5.00 round turn commission per EMINIS

 

[arturo1]

Daily Trading Advisory

I will try to sell at 1567.50 with a stop above 1569.50

 

[arturo1]

i sold once more at 1567.50 but I just close at 1566.50. the more the market is sitting here the more another test of the highs


S ESZ7 {GBX} 1 156750 LMT 1 156750 10/09/07 09:59 AM DAY Closed Filled
B ESZ7 {GBX} 1 156650 LMT 1 156650 10/09/07 10:50 AM DAY Closed Filled

 

[arturo1]

Daily Trading Advisory 10-october-2007

DAILY TRADING ADVISORY 10-October- 2007
ECONOMIC CALENDAR
10:00 AM Wholesale Inventories
10:00 AM Crude Inventories
After a higher opening just above our resistance area, the SP made an early high at 1569.25. Our plan to sell an early rally worked well and we got a fill at 1568.00, taking our profit in the 1564.50-1565.00 area. The market rallied back to test 1568.00 and was sold once more making new lows for the day at 1562.25 before the FOMC minutes were released.
What it appear to be a weak NASDAQ during the first half of the session, printed new highs for the year joined by new all time highs in the SP CASH and in the DOW JONES.
Just after the release of the FOMC minutes the EMINI SP futures struggled above our updated support at 1564.00, and from there a parabolic move reached 1577.00 on the EMINI SP and 2195.00 on the EMINI NASDAQ.
The DOW CASH joined the party after a few sessions where it looked ready for some profit taking and till now has respected the new support level at 14000, but low volumes indicate a lack of commitment and breaking bellow 13950 will indicate that a correction is in the way.
THE VIX.X imploded another 8% making a new low for the last three months and reflects the extreme bullishness in the markets, a clear sign of extreme complacency.
This entire move is overdone and overextended, but is very difficult to fight the momentum. Yesterday I wrote that the strength in the NASDAQ could bring the SP futures to new highs, and the all time high on the December SP futures is at 1579.20, we are almost there.
The markets ended on a strong note and have been holding every pullback above a steep trend line; I wouldn’t buy at this prices but I would like to see the uptrend channel firmly broke to the downside before committing me to the short side.
If the market opens on a strong note I will look to get short near resistance, but the first pullback should be a buying if the market is ok and holding above my 1569.00-1567.50 area where a long entrance could be a good trade, if this level does not hold, things are changing and this steep rising channel will be crossed to the downside. A close bellow 1561.00 would mean that a high is in place.
On the other side of the coin, if the market opens bellow the 1569.99-1567.50 levels, it should be immediately reverse or the late longs will be trapped and selling any upside move.
Today’s initial resistance is just above yesterday highs at 1578.00-1579.00 on the EMINI SP futures and 2197.00-2199.00 on the EMINI NASDAQ futures, if this areas are not sold, further resistance should be seen at 1583.00-1584.00 on the EMINI SP futures and 2208.00-2210.00 on the NQ, if the euphoria continues then a shot to 1588.00-1590.00 and 2218.00-2221.00 could be in the cards before some profit taking is seen.
Initial support is at 1571.00-1570.00 on the EMINI SP futures and 2188.00-2186.00 in the EMINI NASDAQ futures, if those don’t bring buying in, a test of the old resistance( now support) at 1569.00-1567.50 and 2184.00-2182.00 respectively must hold to maintain the short term uptrend intact, if this levels don’t hold we could be turning down and only 1564.00 on the EMINI SP futures in on the way to test this week lows at 1561.00-1559.50 on the EMINI SP futures and 2174.00-2172.00 on the EMINI NASDAQ futures.
GOOD LUCK

TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1588.00-1590.00 2218.00-2221.00
Resistance 2 1583.00-1584.00 2207.50 -2210.00
Resistance 1 1577.50-1579.00 2199.00-2200.75
PIVOT 1571.50 2188.50
Support 1 1571.00-1570.00 2188.00-2186.00
Support 2 1569.00-1567.50 2184.00-2182.00
Support 3 1561.00-1559.50 2174.00-2172.00











S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1594.50 2213.75
1588.01 2206.59
1577.50 2195.00
1571.01 2187.84
1569.00 2183.41
1566.99 2176.25
1560.50 2164.66
1549.99 2157.50

 

[arturo1]

Daily Trading Advisory Real Time

i am staring to work from the short side, i want to be short near the opening with a stop above 1575.25, I just made a couple on the RUSSELL

B ER2Z7 {GBX} 1 MKT 1 84870 10/10/07 08:46 AM DAY Closed Filled
S ER2Z7 {GBX} 1 85010 Y LMT 1 85050 10/10/07 08:36 AM DAY Closed Filled

This are REAL TRADES

 

[arturo1]

Daily Trading Advisory -todays Trades

B ER2Z7 {GBX} 1 MKT 1 84900 10/10/07 10:28 AM DAY Closed Filled(0)
3025186 9 S ER2Z7 {GBX} 1 84940 LMT 1 84940 10/10/07 10:24 AM DAY Closed Filled(
3025018 S YMZ7 {ECBOT} 1 14177 LMT 1 14177 10/10/07 10:13 AM DAY Closed Filled(
3024981 S ESZ7 {GBX} 1 157025 LMT 1 157025 10/10/07 10:11 AM DAY Closed Filled(
3024823 B ESZ7 {GBX} 1 156875 LMT 1 156875 10/10/07 10:02 AM DAY Closed Filled(
3024791 B YMZ7 {ECBOT} 1 MKT 1 14169 10/10/07 10:00 AM DAY Closed Filled(
3023512 B ER2Z7 {GBX} 1 MKT 1 84870 10/10/07 08:46 AM DAY Closed Filled(
3023365 S ER2Z7 {GBX} 1 85010 Y LMT 1 85050 10/10/07 08:36 AM DAY Closed Filled(

 

[arturo1]

Daily Trading Advisory

The SP CASH is sitting at its previos high, a close bellow 1561.00 on the EMINI SP futures will signal that a top is in place.
Only the NASDAQ has been holding the markets, but you can see what will happens once it start to get hammered as the DOW JONES. I din't want to be long all the time that the SP futures is trading bellow 1573.00

 

[arturo1]

Daily Trading Advisory -update

If the DOW CASH start to trade bellow 14000, I will sell a YM ($5 dollar mini dow) with 30 points stop loss, the market will be ok if 14000 hold, but trading bellow 13950 will sign that a correction in the way.

 

[arturo1]

DAILY TRADING ADVISORY 11-October-2007

DAILY TRADING ADVISORY 11-October- 2007
ECONOMIC CALENDAR
8:30 AM Initial claims
8:30 AM Trade balance
8:30 AM Export prices ex-ag
8:30 AM Import prices ex-oil
8:30 AM Trade balance
10:30 AM Crude inventories
The market opened above our initial support at 1572.75, but bellow the previous day settlement. Yesterday I wrote “I will look to get short near resistance, but the first pullback should be a buying if the market is ok and holding above my 1569.00-1567.50 area where a long entrance could be a good trade”; the market was sold, and exactly tested our key support at 1568.00 where buyers stepped in bidding the market up and almost reaching our pivot level at 1571.50, from there it was sold again posting a double bottom and rally back making new highs for the day at 1573.00.
After a new low on the EMINI SP futures at 1565.50 but with the NASDAQ futures holding firmly the support areas, the SP turned back again.
In my intraday update I noted that getting back above 1470.50 will return the control to the bulls, after this level was crossed, new highs for the day were seen at 1575.75 on the EMINI SP futures and 2199.50 on the NQ. For the close the markets backed off a couple of points.
The markets have been acting very well and every sett back has been responded with more buying.
The NASDAQ futures are holding the markets, but once they start to sell off, the bridge to the exit will be very narrow we already got a taste of it on the YM (EMINI DOW JONES) which was hammered since the opening, but after being down more than 150 points made a nice recovery and respected the 14000 level on the cash.
Yesterday I mention the lack of commitment seen in the DOW CASH and the low volumes that are not characteristics of October. The consolidation in the DOW above 14050 has held nicely and even with low volumes the uptrend is intact. It will take a decisive move above 14200 or bellow 14000 to trigger a 250 points move, so if you are a DOW trader, buy or sell on a stop the DOW JONES futures taking as reference this two levels on the DOW CASH, you should place your stop loss order 30 points above or bellow the entrance price.
The markets still have a huge momentum, but volume continues to be light and leave the SP futures and the DOW JONES vulnerable for a quick correction. On the NASDAQ futures, the move is exhausting itself and looks like another couple of days will maintain its momentum before some kind of correction is seen, but the fast uptrend is intact.
The EMINI SP futures will have to hold a set back to our pivot at 1571.50 if the market wants to see new highs printed on the chart, if this happen we should be able to rally till 1582.50-1584.00 on the EMINI SP futures and 2207.50 2210.00 on the EMINI NASDAQ futures.
Under these circumstances, selling the sparkling rallies when they get out of steam, should offer good shorting opportunities, on the backside buying the sell offs when the momentum disappears are offering very good long entries. At some moment buyers won’t step in and the trend will be rolling to the downside.
We have initial resistance at 1577.50 on the EMINI SP futures and 2199.50-2202.00 on the NQ, above this we should be able to run to the 1582.50-1584.00 and 2207.50-2210.00 respectively, if the markets are in a short squeezing mode a blow up to 1588.00-1590.00 on the EMINI SP futures and 2218.00-2220.00 on the EMINI NASDAQ futures will clean all the shorts.
Initial support is at the pivot area, 1571.50 on the EMINI SP futures and at 2193.00-2192.00 on the EMINI NASDAQ futures, bellow this a test of yesterday lows at the EMINI SP futures in the 1566.50-1565.00 area could be seen, it’s equivalent is 2186.00-2184.50 on the NQ; if these levels are tested and not reversed immediately, things can be changing, but key support at 1561.00-1559.50 on the SP and 2174.50-2172.75 on the NQ should avoid any additional damage.


TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS
S&P NASDAQ
Resistance 3 1588.00-1590.00 2218.00-2221.00
Resistance 2 1582.50-1584.00 2207.50 -2210.00
Resistance 1 1576.00-1577.50 2199.00-2202.00
PIVOT 1571.50 2193.75
Support 1 1571.50-1570.50 2193.00-2192.00
Support 2 1566.50-1565.00 2187.50-2186.00
Support 3 1561.00-1559.50 2174.00-2172.75











S&P FIBBONACCI NUMBERS NASDAQ FIBONNACCI NUMBERS
1594.05 2222.87
1587.25 2213.75
1583.05 2208.12
1576.25 2199.00
1570.75 2191.63
1565.25 2184.25
1558.45 2175.13
1554.25 2169.50

 

[arturo1]

Daily Trading Advisory Real Time

the market is feeling a little toppy specialy the NASDAQ (NQ)I will be selling with stops above the highs;
TODAYS TRADES


B ESZ7 {GBX} 1 158250 LMT 1 158250 10/11/07 09:56 AM DAY Closed Filled
S ESZ7 {GBX} 1 158200 Y LMT 1 158325 10/11/07 09:45 AM DAY Closed Filled
B ESZ7 {GBX} 1 157950 LMT 1 157950 10/11/07 08:56 AM DAY Closed Filled
B ER2Z7 {GBX} 1 MKT 1 85300 10/11/07 08:46 AM DAY Closed Filled
S ESZ7 {GBX} 1 158150 LMT 1 158150 10/11/07 08:42 AM DAY Closed Filled
S ER2Z7 {GBX} 1 85400 LMT 1 85450 10/11/07 08:33 AM DAY Closed Filled

NICE TRADES:
RUSSELL +1.50 points
ES +2.75 points

 

[arturo1]

I was right when I said that the NASDAQ futures where topping.
I was stop out twice with the ES (emini sp) but I pocked 10 full points with the RUSSELL, here you have the proof:
B ER2Z7 {GBX} 1 84650 STP 1 84650 10/11/07 01:20 PM DAY Closed Filled(
S ER2Z7 {GBX} 1 85650 LMT 1 85650 10/11/07 12:26 PM DAY Closed Filled
B ESZ7 {GBX} 1 158650 STP 1 158650 10/11/07 12:11 PM DAY Closed Filled(
S ESZ7 {GBX} 1 158500 LMT 1 158500 10/11/07 11:44 AM DAY Closed Filled(
B ESZ7 {GBX} 1 158575 STP 1 158575 10/11/07 11:42 AM DAY Closed Filled
S ESZ7 {GBX} 1 158250 LMT 1 158250 10/11/07 11:22 AM DAY Closed Filled(
If you like my newsletter and REAL TIME TRADES send me a message and I will contact you