Archive for ‘Emini Trading’

ES Emini Day Trading Video: Using CCI and Fractals for Position Entries

By , 12 December, 2009, No Comment

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ES Emini Day Trading: Detailed Video showing Trades

By , 11 December, 2009, No Comment

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

By , 6 December, 2009, No Comment

As would be expected, much better-than-expected numbers for the November employment situation sent equities up sharply early in the day on Friday. But by close, stocks had come down significantly as many traders simply worried that equities have gotten too far ahead of economic conditions. Also, the dollar jumped on the release of the jobs report and weighed on materials and energy sectors. Still, for the day and week, most indexes posted moderate to sizeable gains.

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ES Emini Day Trading: Pivot-Fed Anouncements-Commentary

By , 29 November, 2009, No Comment
ESZ9
For 11/30/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1102.83 1116.17 1084.92 1071.58 1053.67

Fed and Fed Agency Announcements

Chicago PMI
[Report][Bullet9:45 AM ET
Farm Prices
[Bullet3:00 PM ET

Chicago PMI
Released on 11/30/2009 9:45:00 AM For November, 2009
Prior Consensus Consensus Range
Business Barometer Index – Level 54.2 53.0 50.8  to 55.5

Market Consensus Before Announcement
The Chicago PMI jumped more than 8 points in October to 54.2. For the month, production surged nearly 17 points. We may see further improvement in November as the new orders index jumped more than 15 points.
Definition
The Institute of Supply Management – Chicago compiles a survey and a composite diffusion index of business conditions in the Chicago area. The survey is conducted by Kingsbury International, LTD. Manufacturing and non-manufacturing firms are both surveyed. Hence, it is not directly comparable to pure manufacturing surveys. Readings above 50 percent indicate an expanding business sector.

ES Emini Day Trading: Pivot-Fed Announcements-Commentary

By , 25 November, 2009, No Comment

The Reuter’s/University of Michigan’s Consumer sentiment index for early November fell back a very steep 4.6 points to a very weak 66.0. Weakness was split between current conditions and the outlook. The retreat in confidence was tied to the still contracting jobs market.

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ES Emini Daytrading: Pivot-Fed Announcements-Commentary

By , 24 November, 2009, No Comment
ESZ9
For 11/24/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESZ9 1130.42 1158.08 1083.83 1056.17 1009.58

Fed and Fed Agency Announcements

GDP
[Report][Star]8:30 AM ET
Redbook
[Bullet8:55 AM ET
FOMC Minutes
[Bullet2:00 PM ET

GDP
Released on 11/24/2009 8:30:00 AM For Q3:09
Prior Consensus Consensus Range
Real GDP – Q/Q change – SAAR 3.5 % 2.8 % 2.5 % to 3.4 %
GDP price index – Q/Q change – SAAR 0.8 % 0.8 % 0.8 % to 0.8 %

Market Consensus Before Announcement
GDP for the third quarter in the advance estimate came in stronger than expected with a 3.5 percent gain, following a 0.7 percent dip in the prior quarter. The third quarter boost was the first positive GDP number since a 1.5 percent increase for the second quarter of 2008. Cash for clunkers did add substantially to third quarter growth as motor vehicle output added 1.66 percentage points to the third-quarter change in real GDP after adding 0.19 percentage point to the second-quarter change. Inflation is still subdued as the GDP price index edged up 0.8 percent, following no change in the second quarter. Looking ahead, more recent monthly numbers indicate a downward revision to third quarter growth—including negatives from monthly international trade and business inventories

ICSC-Goldman Store Sales
Released on 11/24/2009 7:45:00 AM For wk11/21, 2009
Prior Actual
Store Sales – W/W change -0.1 % 0 %
Store Sales – Y/Y 2.4 % 3.3 %

Highlights
Easy year-over-year comparisons look to make for strong mid-single-digit gains for November same-store sales, according to ICSC-Goldman. The week-to-week pace in the Nov. 21 week was unchanged but not the year-on-year pace which rose nearly 1 full percentage point to plus 3.3 percent for the best reading in more than two years. The report sees this rate increasing in the Nov. 30 week, predicting strong sales on what it calls “Bargain” Friday and also strong sales on the following Saturday. But year-on-year comparisons are not what the financial markets move on. It’s month-on-month that counts. Redbook, up at 8:55 ET, does offer a November-to-October measure.
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