Todays Pivot and Announcements

By trader7757, 17 September, 2009, No Comment

ESZ9
For 09/17/2009

Symbol		R1	R2	Pivot	S1	S2
ESU9		1074.92	1081.83	1061.83	1054.92	1041.83

Important Economic Announcements Today

Housing Starts
[Report]

8:30 AM ET

Jobless Claims
[Report]

8:30 AM ET

Philadelphia Fed Survey
[Report]

10:00 AM ET

EIA Natural Gas Report
[djStar]

10:30 AM ET

3-Month Bill Announcement

11:00 AM ET

6-Month Bill Announcement

11:00 AM ET

52-Week Bill Announcement

11:00 AM ET

The news on the housing starts is already out, along with jobless claims. The housing starts were at a nine month high, but jobless numbers fell 12,000 to 545,000. That’s still an awful lot of people out of work this week.

ES Emini Contract Trading for Wednesday

By trader7757, 16 September, 2009, No Comment

The Decision Bar software kept me long through some early morning pullbacks, and I was happy to oblige. I considered adding to my positions on some pullbacks, but decided against it. Only had one other notable trade for a 12 tick gain. Interesting day to trade.

Notice how the market never really decided to advance, in a decisive manner, past R2

Todays Pivot and Fed News

By trader7757, 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.

ES Emini Daily Trading for Monday

By trader7757, 15 September, 2009, 1 Comment

There was a good bit of news driving the market today, and, at times, the traders had a hard to trying to make out just what the news meant. But then Ben got on the blower and said not to worry, things are just fine, end of recession. I’m wondering if all of those people out of work were thinking the same thing. I doubt it.