Day trading course - consolidation

[caption id="attachment_4623" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. After a steep decline there was support that held at 1243 with a subsequent cosolidation channel with range of support at 1244.50 to resistance at 1249.75. Then 50% retraction to resistance level at 1255.50 to 1256. Now in consolidation in this area. If buyers come in and break the resistance at this level the 1st target is 1257.75 onto next level at 1261. Buyer pressure could drive price back up to test resistance at 1263.75. If resistance holds, sellers could come in to drive price back down to test support at the 1st target of 1251. If this support level is to break, the next level to test would be 1249.25 onto 1247, then to the lower price target of 1244. Trade What You See

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Day trading course - testing resistance

[caption id="attachment_4619" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. There has been a bullish movement with a strong resistance level at 1263.50 to 1264. If there is a retraction and the sellers come in, next support level is at 1261. If that support level breaks through the next level is 1259.50 onto 1258.25. The next support levels are 1257.25, 1255.50, the bottom trendline, 1254.25 then onto lower range of 1249.50. If the buyers keep coming in, the pressure will keep driving price up to test the next level of resistance at 1268.50, 1279 and onto the outer target of 1283.75. Trade What You See

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Day trading course Christmas Rally market gets lift

Day trading course Christmas Rally market gets lift and rallies on light volume.

The S&P500 emini futures bounced off of support here for a light volume move to 1234.  After the constant grind of Europe working to get some footing, the markets get a little respite in the form of a couple hundred billion from the IMF.

Day trading course focusing on the S&P500 emini futures support and resistance and day traders getting direction in the market.

The first area of support is at yesterday's close 1196.25 on the emini futures.  The range of 1266.50 to 1195.25 gave us a 70 point range with the first area of resistance on a rally up to 1231.  After some consolidation around the Point of Control 1220.25 buyers took control and moved the market to the upside.  We are approaching the first major resistance on the long term 200ma (in red) at 1241 area.  Not expecting movement above here but if the sellers come in at the close, we will be watching for a test to the resistant trend line around 1260. Remember this is Christmas week and "supposedly" all the big money is on vacation.  Although if they are in vacation we would have seen a bigger sell off last week to settle positions.  The big money is still around, watching as money flows in to the debted coffers of the European banking system.  This has given some short term relief for the Euro and pushed the dollar index down. [...]

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Day trading course - wide ranging market

[caption id="attachment_4606" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. The market has been trading in a wide range between support at 1202 and resistance at 1225. A  pierce and test of support at 1202 followed with a rally up to present levels with buyers pressure to test resistance at 1219.75. If buyers pressure continues and the resistance at 1219.75 breaks through , the next target to test resistance will be 1220.50 to 1222.25 and then on to next target level of resistance at 1223.50. If sellers come in, a reverse to a bearish movement will have price to test the next level of support at 1215.75. If there is a pierce and breakthrough of support the next target is 1213.75, 1209 and then on to 1204 and 1202 respectively. Trade What You See  

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Day trading course - bearish channel

[caption id="attachment_4601" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

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Day trading course - bear pressure with strong support

[caption id="attachment_4589" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. Due to sellers pressure resistance level is lowering from a high of 1265. There is a strong support level at 1220.75. Now in consolidation with a tight range between support at 1228.25 and resistance at 1233.75. If buyers come the next target of resistance is 1238, if resistance breaks buyers will bring price to test next target at 1244.25. Next target 1255, then 1262.75 onto the next level of resistance at the upper trendline of the channel. If sellers move in to test support, the 1st target is 1227.50 and then onto a strong support level at the bottom trendline of the channel. If support breaks through next level of support is 1206.50 then onto 1202, and from there next level to test support is 1190.75. Trade What You See

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Stock trading - a few stocks to watch - no entry on swing trade

Stock trading - a few stocks to watch - no entry on swing trade

New pick on the day, First checking the fundamentals on stock trading the symbol QCOR  

Stock Trading Analyzer Result for QCOR

Analysis passed the average estimates test: Current Quarter 0.37, Next Quarter 0.38, Current Year 1.18, and Next Year 1.88 Analysis passed the number of analysts is above 3: Current Quarter 6.00, Next Quarter 3.00, Current Year 4.00, and Next Year 7.00 Analysis passed Earnings History Surprise test, however be warned 4 Quarters Ago is negative : Last Quarter (42.30%), and 2 Quarters Ago (15.00%), 3 Quarters Ago (17.60%), 4 Quarters Ago (-20.00%) Analysis passed EPS Trends test, however be warned: Next Year EPS trends is not all ascending 1.43, 1.42, 1.82, 1.86, 1.88 Current Year (0.96, 0.97, 1.16, 1.18, 1.18), Next Year (1.43, 1.42, 1.82, 1.86, 1.88) Analysis passed Growth Estimate test: Passed Growth Estimate for next quarter (90.00%), next year (59.30%), and next 5 years (42.25%) all above 20%

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Dollar index moving up - Equities moving down - Day trading course

Dollar index moving up - Equities moving down - Day trading course

The dollar index is moving towards a double top at 80.28 with another area of resistance at an extreme high 80.82 .  This is the double top on a longer term chart.  We are using the 1440 min chart for this top to see the after hours movement in the dollar index market. 79.50 was the point of control on the day and buyers are buying.  We have price agreement with a low volume.  There is a possibility this weak buyer foundation in price structure could lead to the future turn around or sell off in the dollar index. The dollar index soaring to this intermediate double top at 80.28 will put down ward pressure on stocks.  We will probably see a push back up on the indexes as the morning progresses to fill the open gap over the weekend.

Dollar index is particularly sensitive to the European negotiations.

December is particularly noted for declining volume and the Dollar index will reflect this.  Watch out for volatile moves as  the Euro has a lot of news behind it that will push these markets around.

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S&P500 emini futures price action

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Day trading course - pierce and breakthrough

[caption id="attachment_4555" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. In the afternoon a strong  rally up to test resistance at 1267, with a pullback and move into consolidation ranging between support at 1261.50 and resistance at 1265.50. A pierce and breakthrough of support to drive price down to touch and test the 50MA with a subsequent pierce and breakthrough to test support at 1258.75. Now with a pullback and a price failure to the previous support level at 1261.50. If sellers come in 1st target is 1260, next target is 1258.75. If support gives way the next target to test support is 1254.25 onto 1249.50. The outer level of support is at 1244. If the buyers come back in they will drive price up to test resistance at the 1st target of 1264, then onto next target at 1265.50 and onto the outer level of resistance at 1267.75. Trade What You See

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Day trading course - wide ranging bullish movement

[caption id="attachment_4552" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. There is a wide ranging bullish price movement with a second touch and test of the support at the bottom trendline of the bullish movement with a closing of a gap that has been open since the close at 12/3. There is now consolidation with support holding at the 50MA. Buyers pressure would bring price to test resistance at 1st target of 1259. Next target is 1262 and outer resistance level is at 1266. If sellers come in 1st target is 1255.25, next target 1251 and if the support level gives way price can go down to test support at the bottom trendline for the 3rd time at 1247. The outer target level of support is 1242. Trade What You See  

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Day trading course - price moves into consolidation - critical decision

Day Trading Course, S&P 500 Price moves into consolidation and the market moves into another position for a critical decision in direction.

Day trading course focusing on the S&P500 emini futures support and resistance and Day trading course  looks at price and direction, the support and resistance and the direction of the market.

Price is sitting on the point of control in the market, can't tell if the buyers or sellers are moving into to establish direction in the market place. At this point, not expecting any serious gaps in the market. We shall see after Europe opens, dependent on what kind of commitment the market has to the "New Austerity policing commission" has for enforcing the measures on Greece, Ireland, Italy, Portugal and soon to be mired in debt Spain. Should be interesting to see how much it is going to cost their economies to enforce this new economic police state....Germans going to do it? Flashbacks could be huge... The S&P500 emini futures have shown some resilience bouncing back to these levels but is hitting resistance on the move up at 1262.75 with the point of control at 1252.50. The after hours market is quite slim on the Asian opening and Europe will give us the first signs of direction. Next are of resistance is 1274.50 and the n 1291.50. Anything above her and we could see another test up to 1340's and even 1360. Is this the Christmas rally wall street is hoping for, how is will little Jimmy [...]

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Day trading course -

[caption id="attachment_4513" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"][/caption] Trading the S&P500 emini futures contract in the S&P500 day trading course live room. There has been a pierce and breakthrough of the support at the bottom trendline of the bullish channel. The bottom trendline could prove to be the present resistance level when the market picks up again. If the buyers should enter the 1st target is 1247.25, then onto testing of resistance at the previous support line. If price breaks through resistance, next level is 1255.50. Next level is at 1262.25. If the bears come in 1st target is 1242.25. If support gives way, next level to test support is 1236.25. Trade What You See

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Day trading course SP500 into resistance

Day Trading Course, S&P 500 resistance into consolidation, the bulls could take a break as buyers exhaust. 

After yesterdays huge range, 1183 - 1247.25 buyers are probably exhausted.  Expecting to see some price consolidation at the top.  If sellers step in, they will probably be quite weak wondering if there will be action by the Central bankers to commit after their agreement to support the Euro.  A big misconception is that the US Fed will be supporting the European Bond Market.  The chance that they will be directly buying into the troubled European bond market is slim to none. Day trading course looks at price and direction, the support and resistance and the direction of the market.   Day traders are watching 1242 for the Point of Control.  It seems that in the morning session the buyers had short  term control of the market and it looks like sellers took back control.  There are many levels of support around 1240, would expect there to be a lot of chop and indecision. If sellers have no real commitment on taking this back to at least 1232, we might see this close over 1247 giving a small doji on the day.  This type of indecision could bring a turn for a test to 1232 then 1226 tomorrow with an extreme low on the day of 1211 and 1202 for support. Buyers could close this above 1257, if there is a volume commitment [...]

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