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Thursday, January 20, 2011

S&P500 day trading course price action

S&P500 day trading course price action on the S&P500 emini futures contract. [caption id="attachment_3480" align="alignleft" width="275" caption="S&P500 day trading course price action"]S&P500 day trading course price action[/caption] Volume came in and sellers took control yesterday with a 23.75 range on the day. Point of control on the S&P500 is 1279.25 with support coming in at 1274.25, 1263.75, and 1259.75. We have some resistance at 1281.25 and will watch for a gap close at 78.75. A return to 1284 after yesterdays sell of would not be unusual for a continuation to the downside. Could be choppy in the AM.

S&P 500 day trading course

Tuesday, January 18, 2011

S&P500 day trading course live room headed to 1300

S&P500 day trading course live room headed to 1300 on the S&P500 emini futures. [caption id="attachment_3477" align="alignleft" width="275" caption="S&P500 day trading course headed to 1300"]S&P500 day trading course headed to 1300[/caption] Point of control is 1292.75 with resistance coming in at 1298 , 1303, and an extreme high of 1309 with a consolidation range from 1304 -09. POMO buying is still giving the market buoyancy so Iam not expecting a large sell off. There will be a continuation of small range days as the traders are moving towards equities versus derivatives. Fed is buying treasuries through independent dealers. Of course constitutionally they have no right to get congress to force US citizens to cover their private banking defaults, but that is what is happening. Support will be coming in at 1289.75 then 1284 and further at 1275 area. Watch out for the news and always trade what you see. We will be in Calgary Jan 29-31, Toronto Feb 5-7 and Montreal Feb 26-28. Join us.

S&P 500 day trading course

Friday, January 14, 2011

S&P500 day trading course price testing highs

S&P500 day trading course Price is testing the highs on the S&P500 emini futures contract. [caption id="attachment_3474" align="alignleft" width="300" caption="S&P500 day trading course price testing highs"]S&P500 day trading course price testing highs[/caption] 2:00 PM EST on the S&P500 emini futures and we are witnessing levitation in the market place as 1.2 million contracts drive this market in a bullish trend to 1288.25. The surprisingly low volume has been spurred on with buyers commitment through the day. If we can get a last push up we could see a close above the 1290 mark going into this 3 day weekend. No trading Monday.

S&P 500 day trading course

S&P500 Day trading course price action live trading room

S&P500 Day trading course price action live trading room for the S&P500 emini futures. [caption id="attachment_3471" align="alignleft" width="300" caption="S&P500 day trading course price action"]S&P500 day trading course price action[/caption] Point of control is 1280.75. The S&P500 emini futures contract has been drifting up on low volume. Buyers could hold on to this direction if they break through the previous swing highs and move to 1298-1303 resistance areas. If we continue in this direction we could see 1348 by mid Feb. Dependant on just how much the fed is going to prop this up. Watch support at yesterday's lows, we could see a re test of this area and maybe a close of the gap to re test 1268. Under there the next level of support is around 1259.50 and then 1250 followed by the 200ma at 1245. Fed will be buying treasuries again as noted in meeting releases. So all is rosy. Trade what you see and come see us in Calgary Jan 29-31.

S&P 500 day trading course

Tuesday, January 11, 2011

S&P500 day trading course price action

S&P500 day trading course live trading price action on the S&P500 emini futues. [caption id="attachment_3465" align="alignleft" width="226" caption="S&P500 day trading course price action calgary"]S&P500 day trading course price action calgary[/caption] Point of control for the day at 1268.50. There is resistance heading into 1272.50  and then at our previous swing high of 1277.  Looking at an extreme high of 1289 if we can break through this area. As mentioned on a previous daily chart the S&P500 emini futures contract will have a consolidation zone from 1260 to 1270 before it gets any commitment from buyers or sellers. The 55ma is moving in at support for 1265.25 with more support at the swing lows of 1258.75 and 1255.  Looking for an extreme low of around 1240 on a sell off. A bit of news tomorrow, and fed as well as treasury news coming out to.  Could stall the volume until after the FOMC meeting notes are out.

S&P 500 day trading course

Friday, January 7, 2011

S&P500 day trading course price action pre market

S&P500 day trading course pre market price action on the S&P500 emini futures contract. [caption id="attachment_3461" align="alignleft" width="262" caption="S&P500 day trading course price action"]S&P500 day trading course price action[/caption] Point of control for the day is 1272.50 with resistance coming in at 1277.75, if we get some buyer commitment at these levels 1282 and then 1289 will act as further resistance with an extreme high of 1303. Support came in at 1264.50 with the sellers inability to take it through to new lows. News will be pre market and 3:00 with the gap at 1270.25.

S&P 500 day trading course

S&P500 day trading course price action Employment news

S&P500 day trading course support and resistance and price action for the S&P500 emini futures contract.  It seems the months, if not years of pent up investing is peaking its head from the dark hiding place it was once in.  The knowledge of the Fed buying most of the Bonds coming through the treasury these days has led to investors moving to new vehicles and the Equities market is benefiting from it.   For those investors, including the Fed that have been buying bonds recently in this bond bubble, are now having their heads served to them.  It is estimated that even the Fed has lost around 10 billion dollars in todays price as interest rates have blossomed and price for bonds have gone down.  So as the Fed has been purchasing most of the bonds over the past few months, the prices have been going down meaning these bonds bought with tax payer money, are worth less and less. The S&P500 is experiencing a small surge in buyer commitment and is lifting the markets to new highs.  Following is a weekly chart with price projections and point of control for direction. [caption id="attachment_3457" align="alignleft" width="280" caption="S&P500 emini futures day trading weekly chart"]S&P500 emini futures day trading weekly chart[/caption] The point of control for the weekly chart is 1250 and presently the buyers are in control. Looking for 1320-45 will be a congestion zone if we get there in Mid February. Extreme high by march 20 of 1360-1368.  If we stay above the POC. Support to come in at 1220, and 1245.

S&P 500 day trading course

Wednesday, January 5, 2011

S&P500 day trading course price action after ISIM

S&P500 day trading course price action after ISIM.  The S&P500 emini futures contract moved back above the previous session highs at 1272.25 and a close at 1272.50. [caption id="attachment_3452" align="alignleft" width="262" caption="S&P500 day trading course close price action"]S&P500 day trading course close price action[/caption] Tomorrow's Gap  1272.50 Point of control  1269.50 pointed out last week, congestion zone from 1258 to 1275 until we get some commitment. Buyers ended the day in control, looking for an overnight drop to test previous point of control at 1265 and then depending on the priced in effect of the news, a move back up. If buyers don't start accumulating at these levesl then could see a test down. Support coming in 1255.50- 1257 then further support at 1250 Extreme low target of 1230 on bad news (Doubtful) Still in this bullish channel.  Watch out for the volatility around the news.

S&P 500 day trading course

Tuesday, January 4, 2011

S&P500 day trading course price action

S&P500 day trading course price action. Point of control for today pre FOMC meeting is 1265 with first support at 1258 then 1249.75. [caption id="attachment_3447" align="alignleft" width="202" caption="S&P500 day trading course price action pre fed"]S&P500 day trading course price action[/caption] Sellers are in control as we watch for the Fed to announce the 4th round of quantatative easing into the market. Possible double top and move to new highs on this euphoria. Watch for the volatility.

S&P 500 day trading course

Monday, January 3, 2011

S&P500 day trading course weekly Chart price action

S&P500 day trading course weekly Chart for New Year with price action. The S&P500 emini futures contract moved up on light volume over the holidays with a very light trading day today. Looking at the weekly charts price action you can see that we are in a bullish channel and presently running to the top side. [caption id="attachment_3443" align="alignleft" width="270" caption="S&P500 day trading course weekly chart price action"]S&P500 day trading course [/caption] Point of control for this weekly chart is

S&P 500 day trading course

Day trading S&P 500 emini futures live trading room and day trading course's Fan Box