Archive for ‘technical trading’

Todays Pivot and Fed News

By , 16 September, 2009, No Comment

Looks like a full slate of interesting announcements in the next two days. I am particularly interested in the employment data tomorrow. Industrial Production and PPI on tap today as we see how well we are steering through the later stages of this recession.

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ES Emini: An Enjoyable Day Trading Futures

By , 10 September, 2009, 1 Comment

Today was one of those days that was very enjoyable to trade. The price action stayed above the 89 period SMA so I did not take a short trade all day, and even passed on what appeared to be a pretty good one later in the afternoon. I really just wanted to concentrate on staying in the trend, which turned out to be a pretty good str

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ES Emini: Pivot and other announcements

By , 9 September, 2009, No Comment
ESU9
For 09/09/2009
How To Use
Symbol R1 R2 Pivot S1 S2
ESU9 1030.58 1036.17 1021.42 1015.83 1006.67

Fed and other important economic announcements

Charles Evans Speaks
8:00 AM ET

Redbook
[Bullet8:55 AM ET

Richard Fisher Speaks
1:30 PM ET

Beige Book
[Bullet2:00 PM ET
There is not an overabundance of announcements today, but some interesting stuff.  Yesterday’s announcement of the alarming contraction of consumer credit should play into the market today.

ES Emini: Tuesday Sept. 8

By , 8 September, 2009, No Comment

Nothing of overriding consequence is scheduled to be announced today, but that doesn’t mean the potential of interesting trading is excluded, as the market wrestles with just where we are in this recession. Several economists announced last week that the recession was over when we had some good numbers on manufacturing. I am a bit skeptical of these predictions, and would prefer to see some successive numbers of increased manufacturing capacity before I would call the recession quits.

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ES Emini Chart for Friday

By , 6 September, 2009, No Comment

Several nice trades early in the day, with the 9:30 move a very nice trade. The rest of the day the market traded in a narrow range and I probably should have stopped, but I was feeling stubborn, eeked out a few gainers and suffered a few losers.

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Daily Pivot S1 S2 R1 R2 and Announcements

By , 4 September, 2009, No Comment

Not a whole lot of information to be released today, but the market has plenty to digest with the flurry of reports this week, some good, some not so good.

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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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