Trading Day Thursday, August 6th

Hello Traders, Well today was an interesting day in the market. We started with a 4 point gap up to open at 1004.50 and within a few minutes reached the high of the day at 1005.75. It then went back to fill the gap and then some which eventually led to the low at 989.75. Developed a downtrend on the 5 min chart and closed still in that trend at 994.50. If you will look at a 60 minute chart it has closed below the 100 moving average that has been acting as support for the last few weeks. Tomorrow Unemployment figures are released before open so we will see how the market reacts to those. Have a good trading day.
LauraQ


S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

Trading Day Thursday, July 30th

Hello Traders, Wow!! What an exciting market day today with a good bit of movement in both directions. The market started off with a 11.5 point gap to the upside to open at 983.75 and quickly reached its low of the day at 981.50 which did not close the gap but only made a minor dent in it. Within the first hour got to its high at 994.00 and move sideways into a "wedge" pattern. The last half hour of the day it broke thru the bottom of the wedge and headed back down to where it started to end the day at 982.50. One of the interesting things about the move down late in the day was the volume pickup as it did it. This morning volume move up was at 75K contracts in comparison to the move down which was at 85K contracts. Hum!! Looks like that gap is soon to be closed. We shall see what tomorrow brings. Have a great day and remember to always use stops.
LauraQ


S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

S&P 500 day trading course march 11

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, Http://www.tradingonlinemadeEasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

S&P 500 emini futures coach nov monthly chart

705.75 is support on the monthly with a 100% projection of first leg down.

Intresting to see that the

S&P 500 Market capitulation Vs Exhaustion Oct 28 Double bottom.

After watching our double bottom come in the daily chart I see that the market has confirmed its previous bottom yet fail to see it as the turning point for a recovery.

Yes, there is alot of joy over the fed cuts, and possibly they are going to be priced into today’s rally off the bottom. I have posted a chart showing the volume, which is decreasing for the push down.
On the daily I was looking for a reversal bar yesterday, and a retracement to 942 over these next few days, 50% retrace on last swing h/L.

If we have an overly exhuberant market it would not suprise me seeing a retrace to 1008.

The 972.5 mark will be the 60% retracement for the ambush set up. An ambush occurs when the price retraces 61.8% and then reverses through the lower 50% retracement mark.

There is price divergence on the daily also looking at the last low and previous swing low, in fact the volume would make you think the previous move down was the end because of exhaustion vs capitulation. I prefer the capitulation side better. Cleaner recovery. This way it could be a long time till the market recovers.
8 million will be a sell off extraordinaire, a capitulation, that is what I am looking for as a capitulation in the classic sense Vs. the pitter patter decreasing volume on the daily giving us exhaustion. ON 10/10 when the pundits on cnbc said it was a capitulation I laughed because of the lack of a true sell off in terms of Volume, not price…..when they are in line then capitulation occurs. It is much lower in this market and with the intervention levels we are seeing I don’t know if we willl see it happen.

S&P 500 Emini futures coach sept 29 levels

S&P 500 Emini futures coach sept 25 levels education

emini dow trading no more AIG on the DJIA

No more AIG on the DJIA. The Dow Jones removed IG from three benchmarks, the Dow Jones Industrial Average; its Dow Jones Global Titans 50 Index; and Dow Jones Insurance Titans 30 Index.

They mentioned it is because of "Financial Distress"

You think?

Put this together with the fire sales going on and where do you think the market is heading?

We have had alot of intervention. Do you think the intervention will change over time. Maybe letting individual companies fold rather than being taken over by the government.

We shall see.

S&P 500 Emini futures coach daily for sept 17 levels

US Economics AIG MArkets set for a rally

U.S. Treasuries have been the safe haven this morning as financial markets hope for a solution to AIG's liquidity challenges. As expected, AIG saw its credit rating downgraded late yesterday and that has caused an immediate need for additional capital... something that is very hard to come by right now. Government leaders have indicated that they are unwilling to use taxpayer dollars to bail out the world's largest insurer. AIG operates in 130 countries and employs more than 100,000 people. Experts have said that unless the company can raise at least $90 billion today they'll be forced to file for bankruptcy protection tomorrow. Let's hope for a solution here! Looks like the government will use a warrant and knock out all the stock holders.

What a month, first 50% of homes in the US become the fed's property and next we have a 90 billion dollar bail out of AIG..

Stocks opened lower, but have moved into positive territory one day after The Dow lost 500 points. Time to get back to where we started, remember elections are around the corner.

Oil prices are still falling like, down $4 to $91 per barrel. Looking for $82 then we shall see where it is going. If elections are over it is time to focus more on international problems to take the eye off the wounded US economy. Of course we won't see a 25% decrease in gas prices. Just a dime here and there.....

Hope you have an edge, a money maker edge, we will be having a class in SanFrancisco in October with the Emini Futures coach.

S&P 500 Emini futures coach daily for sept 15 levels

Dow emini futures live trade sept 10

this was taken at the Futures Trading Room

S&P 500 Emini futures support and resistance Sept. 10

S&P 500 Emini futures support and resistance Sept. 9

S&P 500 Emini futures support and resistance Sept. 8 chart

1279, break out to 1303
1272.75 is the point of Control for direction
with a little momentum when we come off the highs watch out. Could be a sell off and head to

1260.75 watch volume on approach because from here it is a long way down.

S&P 500 Emini futures support and resistance Sept. 8

S&P 500 Emini futures support and resistance Sept. 5