EMINI S&P Real Time Trading Signals
SAMPLE REPORT
Bellow you will find an exact copy of our premarket commentary and the intraday updates as dispatched to our subscribers during the trading session. Remember that our first commentary includes our support, pivot and resistance levels as in our DAILY TRADING ADVISORY.
For any question please contact Arthur or Nick.
19 SEPT 07
OPENING COMMENTARY
8:00 A friendly CPI number which came out as expected has the futures markets trading higher after yesterday fireworks and short squeezing rally derivate from the Fed decision. Yesterday huge rally was parabolic and some profit taking should occur later in the day. The Vix imploded yesterday more than 22% and it is at its lower level since august 9 before the subprime crisis and credit crunch “tsunami” resulted on a huge sell off, a reversal in the Vix could give some sell signals. I will wait for the opening rally to stall before I go short with tight stops. After the first 40 minutes if the markets retreat it should set up a buying opportunity unless initial support is broken. Remember that we get the weekly oil supply data at 9:30 and it can put pressure in the markets if higher oil prices are seen. GOOD LUCK.
|
TODAY SUPPORT, PIVOT AND RESISTANCE LEVELS |
||||
|
|
S&P |
NASDAQ |
RUSSELL |
DOW JONES |
|
Resistance 3 |
1551.00-1553.25 |
2083.75 |
828.60-829.30 |
13989-14002 |
|
Resistance 2 |
1545.00-1546.50 |
2072.75-2075.50 |
817.30-819.00 |
13920-13936 |
|
Resistance 1 |
1536.50-1538.00 |
2063.00-2064.50 |
814.00-815.00 |
13869-13875 |
|
PIVOT |
1531.25 |
2040.00 |
801.80 |
13720-12732 |
|
Support 1 |
1529.00-1527.75 |
2053.50-2052.50 |
810.80-808.90 |
13800-13783 |
|
Support 2 |
1520.00-1519.50 |
2047.00-2045.50 |
805.60-803.90 |
13766-13749 |
|
Support 3 |
1512.50-1513.75 |
2034.25-2032.50 |
798.80-796.50 |
13692-13680 |
UPDATE 1
9:15 The market has been holding near the highs of the session with not much involvement of the institutions, I will take my first chance to go short right here at the 1546.00 level with a stop above 1547.75, look for sell stops to be building bellow the 1543.00 and 2068.00 level in de Nasdaq.
UPDATE 2
9:33 Just before the oil data the market rallies stopping me out, I will wait to see if my next resistance hold before taking another position. Look for this rally to continue if the 1551.00-1553.25 and 2083.75 levels do not hold the short squeezing.
UPDATE 3
10:11 The S&P rallied and make a high at 1552.00, the market is feeling toppy and traders may be ready for some profit taking, I will go short right here with tight stops above the high.
UPDATE 4
10:33 I was able to sell at 1550.50 and I’m still short, only a break and hold back above 1548 on the ES will change the rhythm.
UPDATE 5
12:35 The market has found support here at 1542.00-1543.00 I will close my shorts here, NICE TRADE.
UDATE 6
13.20 The S&P has found support at 1535.00-1536.00 without reaching yesterday settlement, look for the market to go into a two-side trading with a downside bias until it close.
svsv