Archive for ‘support’

ES Emini: Pivot R1, R2, S1, S2 and Fed Announcements

By , 1 September, 2009, No Comment

It looks like an interesting day, as the “Cash for Clunkers” program should give the motor vehicle sales a nice boost, though one must wonder how much weight the market will give the numbers given the circumstance from which they arise. The usual home sales data follows and might produce some interesting results.

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ES Emini Chart for 8-31-09

By , 31 August, 2009, No Comment

I stayed out of the early action as the market fell out of bed on poor performances in the Asian market and elsewhere, with the exception of Japan. True to form, 9:30 brought some quick action as I was able get a quick long trade and fade it on a short trade. From that point on the market was choppy and uneven, and I burned a trade when I became impatient.

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Todays Pivot R1,R2, S1 and S2

By , 31 August, 2009, No Comment
ESU9
For 08/31/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESU9 1036.83 1046.17 1029.42 1020.08 1012.67

Fed and other pertinent announcements

Chicago PMI
[Report][Bullet9:45 AM ET

Farm Prices
[Bullet3:00 PM ET

I wrote a little on pivots, support and resistance yesterday that might be worth a good look for newer traders.

For bond traders, be aware of the new tick change value, from 1/64 to 1/32.

Emini Trading: Pivots, Support and Resistance

By , 30 August, 2009, No Comment

I like to establish the days pivot point (along with R1, R2, S1 and S2) before I begin any trading session. In my mind, these are hypothetical points of support and resistance. There is a problem with pivot points, though, and it lies in the word hypothetical.

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Pivots, Fed Announcements and Comments

By , 27 August, 2009, No Comment

With some major announcements in the offing an hour prior to the opening, there should be some extreme volatility early on in the trading session as the traders sort the the meaning and long term ramifications of the GDP and employment numbers.

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Pivot, R1,R2 and S1, S2: Fed announcements

By , 26 August, 2009, No Comment
ESU9
For 08/24/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESU9 1036.00 1046.75 1016.25 1005.50 985.75
New Home Sales
[Report][djStar]10:00 AM ET

Dennis Lockhart Speaks
11:30 AM ET
5-Yr Note Auction
[Bullet1:00 PM ET

Lots of Fed info streaming out of the government today, with durable goods orders already announced as increasing 4.9%.  Should make for an interesting and profitable day of trading.

Pivot R1R2 and S1S2: Fed Announcments

By , 25 August, 2009, No Comment

The news starts to ratchet up a bit today and it will merit a trader to take notice of the consumer confidence and Case-Shiller announcements. Personally, I put more confidence in the Case-Shiller modeling system than some of the government announcements on the housing situation.

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Todays Pivots R1 R2 S1 S2

By , 24 August, 2009, No Comment
ESU9
For 08/24/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESU9 1036.00 1046.75 1016.25 1005.50 985.75

Fed and Fed Agency Announcements

As you can see, there is very little in the way of announcements today that will effect the equity futures trading markets.  But beware, later this week there are a slew of big announcements coming, especially the GDP later this week.   So today is one of those days you can trade without checking your watch and waiting for expected news.
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