Thursday, November 29, 2012

Euro Futures Completes +194 tick move

Euro Futures Daily Chart
Click Here for previous updates to this Trade idea / Post

Sunday, November 18, 2012

Long Trade Idea Cooper Industries CBE

CBE Daily Chart

E-Mini S&P Futures 1342.25 "date complete" now what?

E-Mini S&P 500 Futures

With the objective of 1342.25 complete Click Here, now the markets can relief bounce. The market was wanting this level to complete for close to a week now and wasn't going to stop the selling pressure until it did so. The big money traders/smart traders have been short and are going to cover into this area as you can see from Friday November 16th, 2012 this was exactly the case. Also Apple squeezed out it's May 18th low of 522.18, which I anticipated that the selling pressure would not subside until it doing so, Click Here With Apple taking May 18th, lows out smart money traders who were short this stock covered on a break of those lows and a squeeze to the upside should be present in the coming days/weeks, in result propping up the Nasdaq and giving a lift to the overall sentiment in the market i.e. SPX and DJIA. At this point in the game the E-Mini S&P 500 Futures should see firm resistance on a releif bounce in the range of 1393.00 -1394.50 and major resistance for the week at 1431.50 Click Here where new (short money capitol) will be put to work. That's the short term expectation over the next week. IF these levels trade in the very near future I anticipate sellers to be present and for the futures to rollover and re-test and break the 1340.00 level. Note: my longer term thoughts on the market is for an ultimate test of the June 2012 lows of 1262.00 and for the E-Mini Futures to not stop selling until this level is squeezed out and we fill the New Years gap at 1252.50. To read my article S&P 500 Multi-Year Correction Expected Click Here.  Note: the reaction seen as the market entered the "Wop" sell window and my expectation of where the market was headed after seeing the rejection Click Here and Here. Also see that the 30 Year bond Diamond post  is making its move as expected and now attacking upside breakout levels.

Saturday, November 17, 2012

Euro Futures going higher before lower "to the tick"

Euro Daily Chart
 See chart below from previous posting by click here Euro Falling Channel 1.2887-1.2693 = +194 ticks
 

Oil Outlook Bulls Stepping Up

Oil Futures Daily

Starting to see some aggressive buyers down into support here on oil. Now the larger time frames are flipping bullish. If Oil works through red shaded area and falling channel, I expect an attack of the 93.95 area (what I believe is firm resistance). All in all I like oil to the long side.

Thursday, November 15, 2012

Euro Futures Falling Channel

6E Futures Daily Chart


Euro ended up catching a bid off the (ounce broken/now support) dotted blue trend-line. At this point I'm anticipating buyers to be more active/aggressive expecting a break up and out of the falling channel. Buyers want to see support be tested to enter the anticipated push higher. 1st Resistance is found at the 1.2887 price where sellers will be active and 2nd Resistance will be found against the broken blue rising uptrend-line.

Monday, November 12, 2012

6E Euro Futures Setting up for Sell Side

6E Daily Chart


6E setting up on the sell side. Any rally into the kra range gives us a decent downside T-target objective. So far the euro is doing what was expected since previous post. Notice the trend-line failure lining up with the kra range, and notice the support trend-line the euro is finding support against. If the euro takes out 1.2693 the trade idea is invalidated. See recent post by clicking yellow link 6E Futures Daily/Pulling into Support

Wednesday, November 7, 2012

E-Mini S&P 500 Future have a date with 1342.25

S&P 500 Futures E-Mini Daily

30 Year Bond Diamond (Balance)

30 Year Bond Monthly Diamond
30 Year Bond Chart here (Monthly). After putting in the YTD lows in March of 135'05 the bonds have been in a vertical phase development to the upside creating a YTD high of 153'11. We know as auction market traders that the markets move from vertical to balance (creates a consensus) then moves vertically after reaching its consensus. The 30 year has been in a balance type state since June. The important thing to note here is the diamond setup and the monthly inside bar that's attempting to breakout. I'm expecting this move to continue to the upside. In result putting pressure on the S&P.